Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Note: I believe #16 is B and #17 is A. I want to verify these and if Im wrong could you show the correct method?

Note: I believe #16 is B and #17 is A. I want to verify these and if Im wrong could you show the correct method?

16) The price for Stock X on June 23, 2019 at 10 a.m. was $10.33

The price for Stock X on June 23, 2020 at 10 a.m. was $12.5.

Which of the following is true?

a) On June 23, 2020, Stock X is 12.5% more than it was on June 23, 2019.

b) On June 23, 2020, Stock X is 21% more than it was on June 23, 2019.

c) On June 23, 2020, Stock X is 17.4% more than it was on June 23, 2019.

d) On June 23, 2020, Stock X is 17.4% less than it was on June 23, 2019.

e) On June 23, 2020, Stock X is 82.3% more than it was on June 23, 2019.

17) The price for Stock Y on June 23, 2019 at 10 a.m. was $7.63.

The price for Stock Y on June 23, 2020 at 10 a.m. was $5.13

Which of the following is true?

a) On June 23, 2020, Stock Y is 32.77% less than it was on June 23, 2019.

b) On June 23, 2020, Stock Y is 32.77% more than it was on June 23, 2019.

c) On June 23, 2020, Stock Y is 48.73% more than it was on June 23, 2019.

d) On June 23, 2020, Stock Y is 48.73% less than it was on June 23, 2019.

e) On June 23, 2020, Stock Y is 67.23% less than it was on June 23, 2019.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions

Question

What is a digital health platform?

Answered: 1 week ago