SOLUTION: A certain stock begins the week trading at 87 12 per share. If the average gain for the next four days is 1/2, by how much should the price of the stock increase during Friday so t
Algebra.Com
Question 1011661: A certain stock begins the week trading at 87 12 per share. If the average gain for the next four days is 1/2, by how much should the price of the stock increase during Friday so that the total gain for the stock during the entire five days is 5 percent?
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
5% rise is $4.356 dollars
The gain for 4 days is 4 times the average or $2.
The gain on Friday must be $2.36.
RELATED QUESTIONS
During an intramural basketball game, Team A scored 18 fewer points than Team B.... (answered by ikleyn)
Florence purchased stock for $20 per share. After 6 days, the stock is worth $32 per... (answered by CubeyThePenguin)
at the close of one business day, a company's stock was trading at $24 a share. at the... (answered by Alan3354)
Florence purchaced stock for $20 per share. After 6 days, the stock is worth $32 per... (answered by stanbon)
Computer universe stock lost 12.5% of its value in one day's trading in the stock market. (answered by josmiceli,Alan3354)
Florence purchased stock for $20 per share. After 6 days, the stock is worth $32 per... (answered by edjones)
The average monthly sales of 5000 firms are normally distributed with mean Rs. 36,000 and (answered by Fombitz)
In January the value of one share of a certain stock was $45. During the next three days, (answered by TimothyLamb)
The directions are use the substitution method to solve the Linear system.
The Problem... (answered by ptaylor)