Question

Readers of the financial pages of the daily newspaper noticed the following information with regard to the Connor Company stock: Daily high, 45.50; Daily low, 42.25; Last, 43.50; Change, +0.75. This tells readers that the

a. stock gained $.75 in value over the previous day.
b. stock gained $3.00 in value over the previous day.
c. company's stock is a popular investment.
d. stock was selling at 43.50% of par at the close of the day.

Answer 1

The information indicates that Connor Company's stock increased in value by $0.75 from the previous trading day, with a last price of $43.50.

Step-by-step explanation:

The financial information provided for Connor Company stock indicates that the stock gained $0.75 in value from the previous day. This is evident from the 'Change' figure, which lists +0.75, meaning that the closing price on the previous trading day was $0.75 less than today's last price of $43.50. The daily high and low provide additional information about the stock's fluctuation during the trading day, with the highest price reached being $45.50 and the lowest being $42.25. It's important to note that these figures do not suggest the company's stock popularity or what percentage of par value the stock is trading at. Rather, it's a straightforward indication of the stock's performance for that particular day.