Carlie's stock rose by 1 points in trading today. Let Y represent yesterday's stock price at closing and T represent today's sto
ck price at closing
i) What is a formula that correctly relates Y and T?
ii) If yesterday's closing price was 32 what was today's closing price?
1 answer:
Answer:
i. T = Y + 1
ii. today's closing price 33
Step-by-step explanation:
Given that: Carlie's stock rose by 1 points in trading today.
Let Y represent yesterday's stock price at closing
Let T represent today's stock price at closing
=> formula that correctly relates Y and T is:
T = Y + 1
ii) If yesterday's closing price was 32 what was today's closing price?
today's closing price = yesterday's closing price + 1
<=> T = Y + 1
<=> T = 32 + 1 = 33
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