Stock quotations list the Net Chg. for a company at 3/8. The stock opened at 25 3/8 and closed at 35 5/8 today. The Net Chg. tells us:
A) the stock opened at 25 yesterday.
B) the stock closed at 25 3/4 yesterday.
C) the stock closed at 25 yesterday.
D) the stock closed at 25 1/4 yesterday.
E) the stock opened at 25 1/4 yesterday.

Question

Quizplus · Accepted Answer

The Net Chg. of 3/8 indicates the change in the stock price from the previous day's close to today's close. Since the stock closed at 35 5/8 today, it must have closed at 35 5/8 - 3/8 = 35 1/4 yesterday.

Stock Quotations List the Net Chg