To determine how the stock is performing, let's analyze the given information step-by-step:
1. Initial Stock Price: Jerry bought the stock at 2112 ten weeks ago.
2. Current Stock Value: Today, the stock is valued at 20% of its original price.
3. Calculating Current Stock Value:
- The current value of the stock can be found by calculating what 20% of the initial price is.
- 20% can be expressed as a decimal for the calculation, which is 0.20.
- Therefore, the current stock value = Initial Stock Price 20%
- This gives us: 2112 0.20 = 422.4
4. Comparing Current Value with Initial Value:
- The current value of the stock is 422.4.
- The initial value of the stock was 2112.
5. Performance Assessment:
- Since the current value (422.4) is less than the initial value (2112), the stock’s performance is considered Below Par.
Therefore, the best answer to the question is: B. Below par.
