Use some thinking to answer the following question. An equity analyst needs to select 3 stocks for the upcoming year and rank these securities in terms of their investment potential. If the analyst has narrowed down the list of potential stocks to 7, in how many ways can she choose and rank her top 3 picks?
Options:
(A) 21
(B) 35
(C) 210
(D) 420
(E) 840
Number of ways of choosing 3 stocks = 7C3
Number of ways of ranking the chosen stocks = 3!
Hence total ways of choosing and ranking = 7C3 * 3! = 7!/4! = 7*6*5 = 210 So the final answer is (C).