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19 June, 07:20

Ten weeks ago Jerry bought stock at 211

/2

; today the stock is valued at 203

/8

. We could say the stock

is performing at which of the following?

A. On par

B. Par equality

C. Below par

D. Above par

+5
Answers (1)
  1. 19 June, 08:34
    0
    Since 211/2 = 105.5 and 203/8 = 25.375, it is quite clear that Jerry has lost money on this stock. So the correct answer is C. Below par.
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