Final Answer:
The price of KTD stock in March 2014 was $51.36 (Option B)
Step-by-step explanation:
In February, the stock price increased by 6%, and in March, it fell by 6%. To find the price in March, we need to adjust the February price.
Let P be the January price, which is $54.56. In February, the price increased by 6%, so the February price
is
Therefore,

Now, in March, the price fell by 6%, so the March price
. Substituting the value of
, we get

Let's calculate:
1.

2.

By performing these calculations, we find that
and
. Thus,

After calculating this expression, the value is approximately $51.36, which matches Option B. Therefore, the correct answer is
, making Option B the correct choice.