Answer :
Let's analyze the stock performance step-by-step:
1. Determine the initial stock value:
- Ten weeks ago, Jerry bought stock at \( \frac{21}{2} \).
- \( \frac{21}{2} \) evaluates to 10.5.
- Therefore, the initial stock value is 10.5.
2. Determine the current stock value:
- Today, the stock is valued at \( \frac{20}{3} \).
- \( \frac{20}{3} \) evaluates to approximately 6.67.
- Therefore, the current stock value is approximately 6.67.
3. Compare the initial value with the current value:
- Initial stock value: 10.5
- Current stock value: 6.67
- Since 6.67 is less than 10.5, the current value is below the initial value.
4. Conclusion:
- Given that the current stock value is less than the initial stock value, we can conclude that the stock is performing below par.
Therefore, the best answer is:
O B. Below par
1. Determine the initial stock value:
- Ten weeks ago, Jerry bought stock at \( \frac{21}{2} \).
- \( \frac{21}{2} \) evaluates to 10.5.
- Therefore, the initial stock value is 10.5.
2. Determine the current stock value:
- Today, the stock is valued at \( \frac{20}{3} \).
- \( \frac{20}{3} \) evaluates to approximately 6.67.
- Therefore, the current stock value is approximately 6.67.
3. Compare the initial value with the current value:
- Initial stock value: 10.5
- Current stock value: 6.67
- Since 6.67 is less than 10.5, the current value is below the initial value.
4. Conclusion:
- Given that the current stock value is less than the initial stock value, we can conclude that the stock is performing below par.
Therefore, the best answer is:
O B. Below par
