Question

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

Answer 1

The correct option is D.

Step-by-step explanation:

It is given that ten weeks ago Jerry bought stock at 211/2; today the stock is valued at 203/8.

The value of stock (ten weeks ago) =
`(211)/(2)`

The current value of stock =
`(203)/(8)`

We know that

`(211)/(2)>(203)/(8)`

The value of stock decreased. The value of stock is performing at below par.

Therefore the correct option is D.