-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)?
A) $47.35
B) $48.85
C) $45.85
D) $47.85
E) There is not enough information given to answer this question.

Question

-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)?
A) $47.35 
B) $48.85 
C) $45.85 
D) $47.85 
E) There is not enough information given to answer this question.

Quizplus · Accepted Answer

The closing price of Greenco's stock on the previous day was $48.10. The stock opened at $48.85, which is $0.75 higher than the previous day's closing price. The stock then traded between $48.85 and $47.35 throughout the day. The stock closed at $47.85, which is $0.25 lower than the opening price.