Question
Go to the website Yahoo! Finance. You can locate the website by first going to Yahoo.com and clicking on the Finance link on the left
Go to the website Yahoo! Finance. You can locate the website by first going to Yahoo.com and clicking on the Finance link on the left hand side. 1- Look up information for BP (ticker symbol: BP) using the Get Quotes button. On the BP main page, locate the chart on the right hand side and click on 1y to view BPs stock price over the last year. Using the information on that chart and other internet sources, answer the following questions: a- On what day did the oil rig explosion occur? What was the price of BPs stock on that day? b- What was the price of BPs stock as of 6/28/10? c- Compute the percentage change of the stock price over the period from the day of the explosion until 6/28/10. d- Assuming BP has about 3 billion shares outstanding, how much (in terms of dollars) did BPs shareholders lose due to the oil spill from the day of the explosion to 6/28/10? Explain. e- Does it appear the market reacted significantly to the news of the oil spill? Explain.
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