luis bought stock at $83.60. the next day, the price increased $15.35. this new price changed -4 3/4% the following day. what was the final stock price?? is your answer reasonable? explain

Respuesta :

The original stock price was $83.60 and it went up by 15.35 so it became $98.95 and then 4.75% of this was then $4.70 so $98.95-4.70=$94.25 so even with the drop in value the stock price still went up by $10.65 so gained significantly in value.

Answer:

The original stock price was $83.60 and it went up by 15.35 so it became $98.95 and then 4.75% of this was then $4.70 so $98.95-4.70=$94.25 so even with the drop in value the stock price still went up by $10.65 so gained significantly in value.

Step-by-step explanation: