Question

Consider today's stock listing for Enam Telecom, shown below. 52 wk High 52 wk Low Symbol Div. Close Net Change 122.86 64.77 ENM 3.45 99.14 4.74 If the lowest price in the past year occurred 48 days ago, find the approximate average change per day since then. a. $4.74 b. $0.72 c. $0.49 d. $1.34

Answer 1

Answer:

B. $0.72

Step-by-step explanation:

Here is the stock listing for Enam Telecom

52 wk high is 122.86

52 wk low is 64.77

Div. is 3.45

Close is 99.14

Net change is 4.74

From the question the lowest price which was 64.77 was 48 days ago.

therefore net change in value is:

Close - lowest price:

99.14 - 64.77 = 34.37

Since change is in 48 days,

the average change per day is:

Total change / number of days = 34.37/48 = 0.716

This answer is approximately 0.72

Therefore average change per day is 0.72