Question

1- what is the formula that correctly relates Y and T? 2- If yesterdays closing price was 32 13/16, what was today's closing price?

Answer 1

`\begin{gathered} Question\text{ i\rparen} \\ The\text{ equation is T=Y+1}(5)/(8) \\ Question\text{ ii\rparen} \\ Y=32\text{ }(13)/(16) \\ T=32\text{ }(13)/(16)+\text{1}(5)/(8) \\ T=34\text{ }(7)/(16) \\ Today´s\text{ closing price was 34 }(7)/(16) \end{gathered}`