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15. The following quote for JOG common shares appeared in the financial press on Tuesday, June 5. Assuming that both Monday, June 4 and Friday, June
hi can u help to explain this chart plz, what does the first 'low'and 'high' mean? what does volume mean and why is div 0, thx
15. The following quote for JOG common shares appeared in the financial press on Tuesday, June 5. Assuming that both Monday, June 4 and Friday,June 1 were business days, what was JOG's closing price on Friday, June 1?52-weekHighLowStockDiv.HighLowCloseChangeVolume35.4523.78XYZ029.9724.9828.56-1.234,567,000a) $24.98b) $28.56The correct answer c) $29.79is:$29.97FEEDBACK: Since the quotation is for a 52-week period, the first 2 quotations show the High/Low for the whole period. The second set of High/Lowquotations represents values on Monday, June 4th. JOG closed on Monday at $28.56, losing $1.23 from the Friday's close, which means that the stockclosed on Friday, June 1st at $29.79. Text reference: Chapter 8: Equity Securities: Common and Preferred Shares.