Question

Use the table below to answer questions 7 - 9. The table contains five days of performance by the Russell 2000 Index from January, 2020. B C D E F G A 14 Russell 2000 (“RUT) 1 16 17 18 19 20 Date 27-Jan-20 28-Jan-20) 2 9-Jan-20 30-Jan-20) 31-Jan-20) Open High ,660.82 1,660.82 1,651.131.661.19 1,661.08 1.663.77 1,641.47 1,648.43 1,643.69 1.643.69 Low 1,632.26 1,651.13 1.649.00 1,630.94 1.610.64 Close 1,644.14 1,658.311 1.649.22 1,648.22 1,614.06 Adj Close 1,644.14 1,658.31 1,649.22 1,648.22 1 ,614.06 Volume 38,231,000 35,267,200 35,845,000 37,872,500 4 5,278,300 7) How many points did the index gain or lose on January 29? a) gain 1,661.08 points b) lose 1,648.22 points c) gain $9.09 points d) lose 9.09 points e) none of the above answers is correct 8) What was the percentage gain or loss for index on January 31? a) gain 2.07% b) lose 2.07% c) gain 34.16% d) lose 34.16% e) none of the above answers is correct 9) One of the companies included in the Russell 2000 Index is AIMC Altra Holdings, Inc. Based on the above table, we can state with certainty that a) Altra Holdings stock price increased by 34.16% b) Altra Holdings stock price decreased by 34.16% c) Altra Holdings stock price increased by 1,614.06 points d) Altra Holdings stock price decreased by 1,614.06 points e) We do not have enough information to determine what happened to the company's stock price 10) Which one of the following prices will an investor pay to purchase shares of stock that are currently outstanding? a) issue b) ask c) option d) bid e) primary

Answer 1

7	Adj. Closing price on 29-Jan-20	$                1,649.22
	Adj. Closing price on 28-Jan-20	$                1,658.31
	Loss on 29-Jan-20	$                       9.09
	So Option D is answer
8	Adj. Closing price on 31-Jan-20	$                1,614.06
	Adj. Closing price on 30-Jan-20	$                1,648.22
	Loss on 31-Jan-20	$                     34.16
	Loss percentage on 31-Jan-20($34.16/$1,648.22)	2.07%
	So Option B is answer
9	There is absolutely no data given regarding the stock which forms the Russell 2000 index and also there is no information
	on the proprtion or shareholding of the stocks which forms the index.Hence just based on the performance of the index
	no conclusion can be drawn about any stock which forms part of the index.
	So Option E is answer
10	A Buyer of the stock has to pay the Ask Price for acquiring the stock which the sellers are asking for
	So Option B is answer