Brent, who died on January 10, owned 10 shares of Potts Corporation stock. The closest trading dates to January 10 are January 8 (two working days before the date of death) and January 11 (one working day after the date of death). On January 8, the stock traded at a high of 101 and a low of 97, while on January 11, the high was 90 and the low was 86. The date-of-death per-share value is
A) $99.00.
B) $95.33.
C) $93.50.
D) $91.67.
D) $91.67.
(101 + 97) × 0.50 = 99; (90 + 86) × 0.50 = 88
You might also like to view...
Suppose you take out a car loan of $10,000 for 3 years at an annual interest rate of 8 percent, with payments to be made monthly. What will be the approximate monthly payments? The relevant formula is:
.
A. $313.36. B. $323.36. C. $853.45. D. $3,880.34.
Which of the following statements best describes an inherent limitation of the monetary-unit sampling method?
A. It requires the use of a computer system to perform the required calculations. B. It can only be used for substantive testing of asset accounts. C. Misstatement rates must be large and the misstatements must be overstatements. D. Misstatement rates must be small and the misstatements must be overstatements.
Organizations around the world are establishing ______ systems to be used in the case of a company emergency of any type, including a violent individual or group on organization property.
A. security alert B. violence prevention C. structure D. stressor prevention
Writing is recursive, or a backward-and-forward process-in other words, circular in nature
Indicate whether the statement is true or false