Question

Consider today’s stock listing for Enam Telecom, shown below. 52 wk High 52 wk Low Symbol Div. Close Net Change 122.86 64.77 ENM 3.45 99.14 4.74 If the lowest price in the past year occurred 48 days ago, find the approximate average change per day since then.

Answer 1

.72

Explanation:

Edge 2020, i had gotten it right on the test

Answer 2

Average change per day is 0.72

Explanation:

As per stock listing given in the listing for Enam Telecom is

52 wk high = 122.86

52 wk low = 64.77

Div. = 3.45

Close = 99.14

Net change = 4.74

Now it is given that lowest price which was 64.77 occurred 48 days ago.

Since yesterday closing price was 99.14 therefore net change in value will be = 99.14 - 64.77 = 34.37

This change is in 48 days so average change per day will be = Total change /number of days = 34.37/48 = 0.716 = 0.72

Answer is average change per day is 0.72