Check GMAT Club Decision Tracker for the Latest School Decision Releases https://gmatclub.com/AppTrack

 It is currently 23 May 2017, 03:36

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

An investor purchased a bond for p dollars on Monday. For a

Author Message
Current Student
Joined: 29 Jan 2005
Posts: 5222
Followers: 26

Kudos [?]: 402 [0], given: 0

An investor purchased a bond for p dollars on Monday. For a [#permalink]

Show Tags

18 Dec 2005, 02:33
00:00

Difficulty:

(N/A)

Question Stats:

0% (00:00) correct 0% (00:00) wrong based on 0 sessions

HideShow timer Statistics

This topic is locked. If you want to discuss this question please re-post it in the respective forum.

An investor purchased a bond for p dollars on Monday. For a certain number of days, the value of the bond increased by r percent per day. After this period of constant increase, the bond decreased the next day by q dollars and the investor decided to sell the bond that day for v dollars. When did the investor sell the bond if r=100{sqrt(v+q/p)-1} ?

A. Wednesday of the same week.
B. Thursday of the same week.
C. Friday of the same week.
D. Monday of the next week.
E. Tuesday of the next week.
Manager
Joined: 12 Nov 2005
Posts: 78
Followers: 1

Kudos [?]: 19 [0], given: 0

Show Tags

18 Dec 2005, 11:05
Should we assume that "v" is NO GAIN & NO LOSS value on the day of selling?
18 Dec 2005, 11:05
Display posts from previous: Sort by