Question

The price of one share of stock A changed by a total of -$4.32 over the past 3 days. The price of one share of stock B changed by a total of -$5.80 over the past 4 days. The price of one share of stock C changed by a total of -$2.86 over the past 2 days. Match the stocks to their daily average change in price for one share.

Answer 1

Answer:

Stock A daily average change in price for one share = -$2.16

Stock B daily average change in price for one share = -$1.45

Stock C daily average change in price for one share = -$1.43

Step-by-step explanation:

Since we desire to find the price of each stock per day or its daily average change in price for one share, we divide the price change of one share of stock by the total number of days it took to change.

So for stock A, daily average change = price change/number of days

price change = -$4.32, number of days = 2

daily average change  =  -$4.32/2 =  -$2.16

for stock B, daily average change = price change/number of days

price change = -$5.80, number of days = 4

daily average change  =  -$5.80/4 =  -$1.45

for stock C, daily average change = price change/number of days

price change = -$2.86, number of days = 2

daily average change  =  -$2.86/2 =  -$1.43