Question

At the beginning of the day, stock XYZ opened at $8.18. At the end of the day, it closed at $6.88. What is the rate of change of stock XYZ?
A. -15.9%
B. 2.1%
C. -0.16%
D. 12.4%

Answer 1

Answer:

-15.9%

Step-by-step explanation:

Opening stock = $8.18

Closing stock = $6.88

Loss = $1.30

Rate = - loss/opening stock × 100

= - 1.39/8.18 × 100

= - 15.9%