Question

At the beginning of the day, stock XYZ opened at $6.12. At the end of the day, it closed at $6.88. What is the rate of change of stock XYZ?

A. 1.17%
B. 11.0%
C. 12.4%
D. 81.5%

Answer 1

C is the correct option.

Explanation:

We have been given that

stock XYZ opened at $6.12 and it closed at $6.88 and we have find the rate of change of stock.

Change in the value =| Initial - final |

Change in the value = |6.12-6.88|

Change in the value = 0.76

Hence, the rate of change of stock is given by

`\frac{\text{Change in value}}{\text{initial value}}*100\\\\=(0.76)/(6.12)*100\\\\=12.4\%`

C is the correct option.