Step-by-step explanation:
If the price increases 3/4 per share, the new price of the stock =
6¾ + ¾ =
27 /4 + ¾ =
30 /4 =
15/2 or 7½
Answer:
7.5
If the starting price is 6 3/4 (or 6.75) and it increases by 3/4 (or 0.75), you will need to add 0.75 to to the starting price.
6.75 + 0.75 = 7.5
Therefore, the new price of the stock is 7.5 dollars.
Correct me is I'm wrong but I believe its a independent variable.
