Here's the text from the somewhat similar $700 proposition:
"Google's stock price, currently trading just above $500 per share, has been pummeled recently since reaching a high of $741.29 in late 2007. Will it be equal to or greater than $700 per share on April 1, 2008?"
THAT is clear that it's talking about the price at the end of the quarter. Had this proposition been similarly worded we wouldn't be having this discussion.
Could raise questions if it's flirting around $700 on April 1st, but closes below that threshold, after breaking it during intraday trading. Not going to happen, but still a good example of insufficiently well-written text.
Here's the text from the somewhat similar $700 proposition:
"Google's stock price, currently trading just above $500 per share, has been pummeled recently since reaching a high of $741.29 in late 2007. Will it be equal to or greater than $700 per share on April 1, 2008?"
THAT is clear that it's talking about the price at the end of the quarter. Had this proposition been similarly worded we wouldn't be having this discussion.
Could raise questions if it's flirting around $700 on April 1st, but closes below that threshold, after breaking it during intraday trading. Not going to happen, but still a good example of insufficiently well-written text.