Luis bought stock at $83.60. the next day, the price increased $15.35. this new price changed - 4 3/4% the following day. what was the final stock price? is your answer reasonable? explain

Question

Mathematics

Emilio Winters

19 December, 05:50

Luis bought stock at $83.60. the next day, the price increased $15.35. this new price changed - 4 3/4% the following day. what was the final stock price? is your answer reasonable? explain

+4

Answers (1)

Know the Answer?

Luna Sexton · Answer 1

The original stock price was $83.60 and it went up by 15.35 so it became $98.95 and then 4.75% of this was then $4.70 so $98.95-4.70=$94.25 so even with the drop in value the stock price still went up by $10.65 so gained significantly in value.