Question

Three weeks ago John bought stock at 49 ¼; today the stock is valued at 49 7/8. We could say the stock is performing at which of the following? A. Above par B. Par equality C. On par D. Below par

Answer 1

To answer this question, we will need to calculated the amount of profit or loss in the stock price.

To so this, we will subtract the original price from the current price as follows:
amount of profit/loss = 49.875 - 49.25 = 0.625

Therefore, the price of the stock increased after 3 weeks.
Based on this, the answer is:
(A) above par