Multiple Choice
The arithmetic average daily return for Dopey Inc.was 2 percent for this past week.Dopey's stock was traded at $23.70 when the market closed on Friday.The daily returns for Monday,Tuesday,Thursday,and Friday are 4.8%,5.6%,-4.0%,and 12.2%,respectively.What was Dopey's opening price on Monday?
A) $21.47
B) $21.55
C) $21.75
D) $22.80
Correct Answer:
Verified
Correct Answer:
Verified
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