Register
At the beginning of the day, stock XYZ opened at $3.72. At the end of the day, it closed at $4.05. What is the rate of change of stock XYZ?. . A.8.9%. B.8.1%. C.13.3%. D.33.0%. . @sinusoidal @RichG1 @Tiroc
88.7k views
0 votes
At the beginning of the day, stock XYZ opened at $3.72. At the end of the day, it closed at $4.05. What is the rate of change of stock XYZ?. . A.8.9%. B.8.1%. C.13.3%. D.33.0%. . @sinusoidal @RichG1 @Tiroc

User Tod
by
7.1k points

2 Answers

6 votes

Answer:8.9%

Step-by-step explanation:

User Dvydra
by
6.9k points
4 votes
Solve for the difference between the price of the stocks at the beginning of the day and at the end.
d = $4.05 - $3.72 = $0.33
Divide this value by the original value of the stocks and multiply by 100% to get the rate of change.
($0.33 / $3.72) x 100% = 8.87%
Thus, the answer is letter A. 8.9%.
User Vinodh Kumar
by
8.2k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

8.3m questions

10.9m answers

Other Questions

Who was Adam Smith ? Anybody?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
What is meant by data mining ?
What is the best way to describe a stock market?
The government has decided that the free market price of cheese is too low. Farmers complain that the price floor has reduced their total revenue.Is this possible? Explain
Link Copied!