Final answer:
Mr. Russell's 1,235 shares of XYZ stock decreased in value by $1,482.00 over two days, considering the stock price decreases of $0.67 and $0.53 a share on Monday and Tuesday respectively.
Step-by-step explanation:
The question asks for the change in the value of stock shares over two days due to decreases in the stock price. Mr. Russell owns 1,235 shares of XYZ stock, which decreased by $0.67 a share on Monday and by $0.53 a share on Tuesday.
To find the total change in value, we perform the following calculations:
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- Change on Monday: 1,235 shares × $0.67/share = $827.45
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- Change on Tuesday: 1,235 shares × $0.53/share = $654.55
To find the total change over the two days, we add the two amounts together:
Total change in value = Change on Monday + Change on Tuesday
Total change in value = $827.45 + $654.55
Total change in value = $1,482.00
Therefore, the value of Mr. Russell's stock shares decreased by $1,482.00 over the two days.