Question 158348
What's the difference?
{{{66.33-48.24=18.09}}}
So let {{{x}}}= percent increase of the stock
{{{(x)(48.24)=18.09}}}
{{{cross(48.24)(x)/cross(48.24)=18.09/48.24}}}
{{{x=0.375*100}}}=37.5% increase
To check, add 37.5% to $48.24 as an increased:
{{{48.24+0.375(48.24)}}}
{{{48.24+18.09}}}
{{{66.33}}} , the increase stock share
Thank you,
Jojo