home study business economics economics questions and an

home / study / business / economics / economics questions and answers / . Table 12-1 Country Currency Currency Per Canadian Dollar Canadian Price Index Country

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Table 8-1

Country

Currency

Currency per Canadian Dollar

Canadian Price Index

Country Price

Index

Bolivia

Boliviano

8.00

100

800

Japan

Yen

125.00

100

25 000

Morocco

Dinar

10.00

100

1000

Norway

Kroner

6.5

100

750

Thailand

Baht

40.00

100

3500

Table 8-1 The following table shows stock prices and volumes for a few hypothetical companies. Stock Yld % PE Vol 100s Hi Lo Close Net Chg A 2.5 35 13758 44.3 43.5 43.97 –0.63 B 2.2 31 30428 31.1 29.7 30 0.17 C 1.2 16 705 24.2 23.1 23.95 –0.53 D 2.1 38 5418 63.4 61.7 62.45 0.72 Refer to Table 8-1. Assume that the closing price was also the average price at which each stock transaction took place. What was the total dollar volume of company B\'s stock traded that day?

Solution

For Company B stock, we are given volume (in thousands) as 30428 and closing stock price as dollar 30. Hence the total dollar volume for Company B will be = 30,428,000 * 30 = dollar 912,840,000