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

The approximate average change per day since the past year is $ 0.72.

As per the stock listing the given information in the context is:

• 52 wk high = 122.86  
• 52 wk low = 64.77 ENM  
• Div. = 3.45  
• Close = 99.14  
• Net change = 4.74

It has been given in the context that the lowest price that occurred 48 days ago is  64.77 ENM

Closing Price = 99.14

$\begin{aligned}\text{Net Change in Value} &= \text{Closing Price}-52 \rm wk \:\rm low\\ \text{Net Change in Value} &= 99.14 - 64.77 \:\rm ENM\\ \text{Net Change in Value }& = 34.37 \end{aligned}$

Now, compute the average change per day:

$\begin{aligned}\text{Average Change per Day} &= \dfrac{\text{Total Change }}{\text{Number of Days}}\\\text{Average Change per Day}& = \dfrac{34.37}{48} = 0.716 \\\text{Average Change per Day }& = 0.72\end{aligned}$

Therefore, the correct option is b.

To know more about the stock listing and computation of average change per day, refer to the link below:

brainly.com/question/9006024