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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?
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
Explanation / Answer
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
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