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You decide you will buy a stock only if it shows an overall increase over the next 30 days. The first 10 days it has an average...Asked by ss
You decide you will buy a stock only if it shows an overall increase over the next 30 days. The first 10 days, it has an average daily increase of $0.30. The next10 days, it has an average daily decrease of $0.45. The last 10 days, it has an average daily increase of $0.25.
a. How much did the stock change over the first 10 days? Show your work.
b. How much did the stock change over the next 10 days? Show your work.
c. How much did the stock change over the last 10 days? Show your work.
d. How much did the stock change altogether?
e. Should you buy the stock?
a. How much did the stock change over the first 10 days? Show your work.
b. How much did the stock change over the next 10 days? Show your work.
c. How much did the stock change over the last 10 days? Show your work.
d. How much did the stock change altogether?
e. Should you buy the stock?
Answers
Answered by
Steve
I'll do (a) and it should help you with the other parts. If you get stuck, come back and show how far you got.
The first 10 days, it has an average daily increase of $0.30.
10 days @ 0.30/day = 10*0.30 = +3.00
The first 10 days, it has an average daily increase of $0.30.
10 days @ 0.30/day = 10*0.30 = +3.00