Question

The current price per share of Corporate Mutual Fund is $14.35. The daily return rate is +0.9 percent. What was the price per share yesterday?

$14.54

$14.14

$14.44

$14.24

Answer 1

The right answer is 14,22 but if I had to choose one from here it would be the nearliest, 14,24.
the operation is: 14,35/1,009=14,22202

Answer 2

Option d $14.24

Explanation:

The current price per share of Corporate Mutual Fund = $14.35

The daily return rate in profit = 0.9%

So price per share yesterday would be = 14.35 - (0.9/100) × 14.35

= 14.35 - 0.009 × 14.35

= 14.35 - 0.12915 = 14.22

Price per share yesterday was $14.22

If we go to these options option d is the nearest to $14.24