18
QuizMultiple Choice

Buying and Selling Stock

Question 18 • 26-27 Ignite Financial Literacy Personal Finance - EL3403

Examine today’s stock listing for Parchar Special Effects, shown below.52 wk High52 wk LowSymbolDiv.CloseNet Change160.4481.91PCR7.55114.36-4.89Based on this information, what was yesterday’s price for Parchar Special Effects?

Answer
A
$114.36
B
$109.47
C
$106.81
D
$119.25

Explanation

The net change of −$4.89 means today’s closing price is $4.89 lower than yesterday’s price. Add that decrease back to today’s close: $114.36 + $4.89 = $119.25. The correct choice is $119.25.

AI-written and checked against the verified answer.

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