Question: The arithmetic average daily return for Star Inc. was 2% for this past week. Star Inc. shares were traded at $23.70 when the market closed

The arithmetic average daily return for Star Inc. was 2% for this past week.

Star Inc. shares were traded at $23.70 when the market closed on Friday.

The daily returns for Monday, Tuesday, Thursday, and Friday are 4.8%, 5.6%, -4.0%, and 12.2%, respectively.

What was Star Inc.'s opening price on Monday?

a) $21.47

b) $21.55

c) $21.75

d) $22.80

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