Multiple Choice
AMC Corp had a geometric weekly return of 5% for this past week.The daily returns for Monday through Thursday are 4 percent,3 percent,-7 percent,and 9 percent,respectively.If AMC's stock traded at $16.22 when the market closed on Friday,what is the opening price of the stock on Friday?
A) $13.47
B) $13.38
C) $13.94
D) $14.11
Correct Answer:
Verified
Correct Answer:
Verified
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