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Use the Following Stock Quotes to Answer This Question  52-WEEK \text { 52-WEEK }

Question 95

Multiple Choice

Use the following stock quotes to answer this question:
 52-WEEK \text { 52-WEEK }
 Company Volume Close Chg  High  Low  Aldridge, Inc.32,653,08034.50.2041.6033.90 Baker Co.11,508,90078.102.3082.3074.60 Chelsea, Inc. 51.873,45048.204.1048.6029.40\begin{array}{lccccc} \text{ Company} & \text{ Volume} & \text{ Close} & \text{ Chg }& \text{ High }& \text{ Low } \\ \text{ Aldridge, Inc.} & 32,653,080 & 34.50 & -.20 & 41.60 & 33.90 \\ \text{ Baker Co.} & 11,508,900 & 78.10 & -2.30 & 82.30 & 74.60 \\ \text{ Chelsea, Inc. }& 51.873,450 & 48.20 & 4.10 & 48.60 & 29.40\end{array}

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A pension fund purchased 25 round lots of Chelsea, Inc., stock at the closing price of the day yesterday. What was the cost of that purchase?


A) $4,410
B) $8,040
C) $88,200
D) $110,250
E) $156,800

Correct Answer:

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