Price and Volume of Shares Traded of Salem Industries on Four

Multiple Choice

Price and volume of shares traded of Salem Industries on four consecutive days are shown below. $$\begin{array} { | l | l | l | l | } \hline\text { Monday } & \text { Tuesday } & \text { Wedriesday } & \text { Thursday } \\\hline \$ 27 & \$ 26 & \$ 28 & \$ 30 \\\hline 100,000 & 80,000 & 70,000 & 110,000 \\\hline\end{array}$$ Compute Salem's on balance volume at the end of Thursday's trading. Assume last Friday's closing price was $26.50. Start with a base of zero for on balance volume leading into Monday's trading day.

A) 200,000
B) -40,000
C) 180,000
D) 360,000