14
InstructionMultiple Choice

Buying and Selling Stock

Question 14 • 26-27 Ignite Financial Literacy Personal Finance - EL3403

Examine today’s stock listing for SFT Legal, shown below.52 wk High52 wk LowSymbolDiv.CloseNet Change74.8044.61SFT8.9456.115.74What was the price of SFT Legal yesterday?

Answer
A
$47.17
B
$56.11
C
$50.37
D
$61.85

Explanation

SFT Legal’s closing price today was $56.11, and its net change was an increase of $5.74. Subtract the increase from today’s close to find yesterday’s price: $56.11 − $5.74 = $50.37. The correct choice is $50.37.

AI-written and checked against the verified answer.