Question

If the starting price is 10 dollars, the price movement amount is 3 dollars, and there are six movements , how many paths will get you to 22 dollar ending price?

A. 15
B. 30
C. 12
D. 10

Answer 1

There are 4 paths that will get you to a $22 ending price.

Step-by-step explanation:

To calculate the number of paths that will get you to a $22 ending price, we can use the formula:

Number of paths = (Ending price - Starting price) / Price movement amount

In this case, the ending price is $22, the starting price is $10, and the price movement amount is $3. Plugging in these values, we get:

Number of paths = (22 - 10) / 3 = 4

Therefore, there are 4 paths that will get you to a $22 ending price.