Answer:
Option A. $1.28
Step-by-step explanation:
On Monday, a company stock closed at a price of $30.80 per share.
On Tuesday, it increased by $1.20 = 30.80 + 1.20 = $32.00
On Wednesday, it fell by 6.25% = 32 - ( 6.25% × 32 )
= 32 - ( 0.0625 × 32 ) = 32 - 2
On Wednesday, stock closed at = $30.00
On Thursday, it fell by 4% = 30 - ( 4% × 30 )
= 30 - ( 0.04 × 30 )
On Thursday, stock closed at = 30 - 1.20 = $28.80
On Friday, it increased by 2.5% = 28.80 + ( 2.5% × 28.80 )
= 28.80 + ( 0.025 × 28.80 )
On Friday, stock closed at = 28.80 + 0.72 = $29.52
The net change in the stock price from Monday to Friday
= 30.80 - 29.52 = $1.28
Option A. $1.28 is the answer.
