Question

Asia owns stock that is listed on the New York Stock Exchange, and this year the stock increased in value by $20,000. What is the value of Asia's stock on the New York Stock Exchange?

1) $20,000
2) Cannot be determined
3) Not enough information provided
4) Other

Answer 1

The value of Asia's stock on the New York Stock Exchange cannot be determined based on the information provided.

Step-by-step explanation:

The value of Asia's stock on the New York Stock Exchange cannot be determined based on the information provided. The question states that the stock increased in value by $20,000, but it does not provide the initial value of the stock.

In order to determine the total value of the stock, both the initial value and the increase need to be known. Therefore, the correct answer is option 2 - Cannot be determined.