If XYZ stock is quoted at 523/4 per share, what is the market price per share
A. $52.75
B. $52.34
C. $275.00
D. $75.00?
A?
correct
My, this is an old question. The New York Stock Exchange hasn't used fractions for 14 years.
18
To determine the market price per share from the given quote of "523/4 per share," you need to divide 523 by 4.
So, 523 divided by 4 is equal to 130.75.
Therefore, the market price per share of XYZ stock is $130.75.
None of the options A, B, C, or D match the correct market price per share of $130.75.
Please note that the given quote format of "523/4 per share" is unusual and not commonly used in financial markets. The typical format for stock quotes is price per share in decimal form, such as $52.75.