Question
The price of a stock can only go up or down by 1% between 2 consecutive days. What is the approximate percentage difference (compared against
The price of a stock can only go up or down by 1% between 2 consecutive days. What is the approximate percentage difference (compared against the initial price) between the highest and the lowest possible prices the stock can reach in 4 days?
R: 8
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
12th Edition
978-0030243998, 30243998, 324422695, 978-0324422696
