Question
On December 31, 2015, the share price of company XYZ closed at $20.00 per share. On December 31, 2016, the share price of company XYZ
On December 31, 2015, the share price of company XYZ closed at $20.00 per share. On December 31, 2016, the share price of company XYZ closed at $27.00 per share.
a. What was the percent increase in the value of XYZ shares during 2016?[2 marks]
b.Suppose that XYZ shares had a bad year in 2017 and closed back down at $20.00 per share on December 31, 2017. What was the percent decrease in the value of XYZ shares during 2017?[2 marks]
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An Introduction to the Mathematics of financial Derivatives
Authors: Salih N. Neftci
2nd Edition
978-0125153928, 9780080478647, 125153929, 978-0123846822
