Question

4. Below are the daily closing prices for Company XYZ's stock. Date May 3 May 4 May 5 May 6 May 7 Closing Price $33.30 $30.59 $31.04 $31.97 $30.15 Change a) Find the change in closing prices for each day from May 4 - May 7. b) What is the difference between the highest and lowest stock values? c) What if on May 8 the stock decreased (lost) $35.14, what would the new stock price be on May 8? please help it due today

Answer 1

Problem

Solution

Part a

For this case the rate of change can be founded on tis way:

Rate= (30.15- 30.59)/(7-4)= -0.147

Part b

The difference between the maximum and rhe minimum represent the range and is given by:

Range= 33.30- 30.15= 3.15

Part c

For this part our starting price for May 7 is 30.15 $ we know that the price decrease 35.14 $ so we can do this operation:

30.15- 35.14= -4.99