Question
The arithmetic average daily return for Star Inc. was 2% for this past week. Star Inc. shares were traded at $23.70 when the market closed
The arithmetic average daily return for Star Inc. was 2% for this past week.
Star Inc. shares were 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 Star Inc.'s opening price on Monday?
a) $21.47
b) $21.55
c) $21.75
d) $22.80
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Investments An Introduction
Authors: Herbert B. Mayo
12th edition
1305638417, 978-1337430937, 1337430935, 978-1305638419
