Question

If Apple stock fell 0.93% from $363.57 per share, what was the absolute change in stock price and what was the final price?

Answer 1

To find the absolute change in stock price, multiply the initial price by the percentage decrease. The final price can be found by subtracting the decrease from the initial price.

Step-by-step explanation:

To find the absolute change in stock price, we need to calculate the decrease in the stock price. The decrease can be found by multiplying the initial price by the percentage decrease. So, the decrease in stock price is 0.0093 * $363.57 = $3.38.

To find the final price, we subtract the decrease from the initial price. Therefore, the final price is $363.57 - $3.38 = $360.19.