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Three weeks ago John bought stock at 49 1/4; today the stock is valued at 49 7/8. We could say the stock is performing at which of the following?

A. Below par
B. Par equality
C. On par
D. Above par

2 Answers

2 votes
The best answer to the question that is being presented above would be letter D above par. The stock is performing at above par because there is an increase in the value of the stock by twenty nine percent (29%). 
User Sharief
by
7.9k points
3 votes

Answer:

The correct option is D.

Explanation:

John bought stock at
49(1)/(4); today the stock is valued at
49(7)/(8).


49(1)/(4)=49+(1)/(4)


49(1)/(4)=49+0.25


49(1)/(4)=49.25

The value of stock at the time of purchasing is 49.25.


49(7)/(8)=49+(7)/(8)


49(7)/(8)=49+0.875


49(7)/(8)=49.875

The value of stock at current time is 49.875.


49.875-49.25=0.625

The value of stock increased by 0.625.

Since the value of stock increases, therefore the correct option is D, i.e., Above par.

User Walter Gandarella
by
8.5k points

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