The stock of Company A gained 5% today to $64.05. What was the opening price of the stock in the beginning of the day?

Question

asked Feb 4, 2021 136k views

1 Answer

Lacefarin · Answer 1 · 2021-02-08T06:13:31+0000

Answer:

opening price = 100/105 × 64.05

= $61.00

Explanation:

the gained percentage = 5%

opening price = 100/105 × 64.05

= $61.00