Answer: B. $29.25
Step-by-step explanation:
- In integers loss is represented by negative integers whereas profit is represented by positive numbers.
Given, Beginning price = $24.75
Over the next 5 days,
On Monday, gain of $2.50 represented by + $2.50.
On Tuesday, loss of $3.25 represented by - $3.25 .
On Wednesday, loss of $0.75 represented by - $0.75.
On Thursday, gain of $1.25 represented by + $1.25.
On Friday, gain of $4.75 represented by + $4.75.
Price of the share of stock at the end of Friday = (Beginning price)+ ( + $2.50 - $3.25- $0.75+ $1.25+ $4.75)
= $( 24.75 + 2.50 -3.25 -0.75 +1.25 +4.75)
= $29.25
Hence, the correct option is B. $29.25.
