Answered: Your friend is thinking about buying…

Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)

8th Edition

ISBN:9781285065137

Author:Eugene F. Brigham, Joel F. Houston

Publisher:Eugene F. Brigham, Joel F. Houston

Chapter9: Stocks And Their Valuation

Section: Chapter Questions

Problem 1DQ

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Question

Your friend is thinking about buying shares of stock in a company. You have been tracking the closing prices of the stock shares for the past 90 trading days. Which type of graph for the data, histogram or time-series, would be best to show your friend? Why?

A. A time-series graph because the pattern of stock prices over time is more relevant than the frequency of a range of closing prices.

B. A time-series graph because the pattern of stock prices over time is less relevant than the frequency of a range of closing prices.

C. A histogram because the pattern of stock prices over time is less relevant than the frequency of a range of closing prices.

D. A histogram because the pattern of stock prices over time is more relevant than the frequency of a range of closing prices.

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