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Algebra

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Stock Price Correlation

ALGEBR-TLYNEL

For a short period, Exxon's stock price varied directly with the price of oil. During this period, Exxon's price was \$70/share while oil was \$40/barrel. If this trend continues, what will Exxon's stock price be if oil becomes \$60/barrel?

A

$34/share

B

$100/share

C

$34.29/share

D

$105/share

E

None of these