The Quest for 700: Weekly GMAT Challenge

Each week Manhattan GMAT posts a GMAT question on our blog and follows up with the answer the next day. Are you up for the challenge?

Every trading day, the price of CF Corp stock either goes up by $1 or goes down by $1 with equal likelihood. At the end of 5 trading days, what is the probability that the price of CF Corp stock is up by exactly $3 from its initial price?

(A) 1/16

(B) 1/8

(C) 5/32

(D) 9/32

(E) 3/8

Upcoming Events

Upcoming Deadlines

  • NYU Stern (Round 3)
  • MIT Sloan (Round 2)
  • INSEAD (Round 4)
  • UNC Kenan-Flagler (Round 3)
  • USC Marshall (Round 3)
  • Carnegie Mellon Tepper (Round 3)
  • London Business School (Round 3)
  • Cambridge Judge (Round 4)
  • NYU Stern (Round 4)

Click here to see the complete deadlines

2020–2021 MBA Essay Analysis

Click here for the 2019–2020 MBA Essay Analysis

MBA Program Updates