Question

On the morning of June 4, the stock of Nagasaki Corporation opened at a price of $331⁄8 per share. At the end of the day, the price had risen $41⁄4 per share. What was the price at the end of the day?

Answer 1

$37 3/8

Explanation:

Add the rise to the opening price to find the closing price.

33 1/8 + 4 1/4 = (33 +4) + (1/8 +2/8) = 37 3/8 . . . . . . dollars per share