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

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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) About Me  (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.