Answer:
The correct option is D.
Step-by-step explanation:
John bought stock at [tex]49\frac{1}{4}[/tex]; today the stock is valued at [tex]49\frac{7}{8}[/tex].
[tex]49\frac{1}{4}=49+\frac{1}{4}[/tex]
[tex]49\frac{1}{4}=49+0.25[/tex]
[tex]49\frac{1}{4}=49.25[/tex]
The value of stock at the time of purchasing is 49.25.
[tex]49\frac{7}{8}=49+\frac{7}{8}[/tex]
[tex]49\frac{7}{8}=49+0.875[/tex]
[tex]49\frac{7}{8}=49.875[/tex]
The value of stock at current time is 49.875.
[tex]49.875-49.25=0.625[/tex]
The value of stock increased by 0.625.
Since the value of stock increases, therefore the correct option is D, i.e., Above par.
