-Refer to Exhibit 38-2.If the closing price of Prancer's stock on the previous day was $55.50,what value goes in blank (C)?
A) +0.75
B) -0.50
C) +0.50
D) +0.25
E) There is not enough information given to answer this question.

Question

-Refer to Exhibit 38-2.If the closing price of Prancer's stock on the previous day was $55.50,what value goes in blank (C)?
A) +0.75 
B) -0.50 
C) +0.50 
D) +0.25 
E) There is not enough information given to answer this question.

Quizplus · Accepted Answer

The value in blank (C) represents the change in the stock price from the previous day's closing price. If the previous closing price was $55.50 and the change is +0.50, it means the current closing price is $56.00.