Exhibit 38-4 Refer to Exhibit 38-4. If the closing price of Greenco's stock on the previous day was $48.10, what value goes in blank (B)?

Name: Exhibit 38-4 Refer to Exhibit 38-4. If the closing price of Greenco's stock on the previous day was $48.10, what value goes in blank (B)?
Brand: Quizplus
Rating: 4.8 (56 reviews)

Question

Exhibit 38-4  Refer to Exhibit 38-4.  If the closing price of Greenco's stock on the previous day was $48.10, what value goes in blank (B)?

Quizplus · Accepted Answer

To find the value in blank (B), we need to take the previous day's closing price and multiply it by the 1.02 increase percentage. $48.10 x 1.02 = $48.85, so the answer is B.