Question

The closing price of a share of stock in Company XYZ is $25.69 on Thursday. If the change from the closing price on Wednesday is –$0.75, find the closing price on Wednesday.


$26.44


$24.94


$25.06


$25.75

Answer 1

To find the closing price of the stock on Wednesday, you can take the closing price on Thursday and add the change from Wednesday to Thursday.

Given:
- Closing price on Thursday = $25.69
- Change from Wednesday = -$0.75

To find the closing price on Wednesday:

\[
\text{Closing price on Wednesday} = \text{Closing price on Thursday} - \text{Change}
\]

Substituting the values:

\[
\text{Closing price on Wednesday} = 25.69 - (-0.75)
\]
\[
\text{Closing price on Wednesday} = 25.69 + 0.75
\]
\[
\text{Closing price on Wednesday} = 26.44
\]

So the closing price on Wednesday is **$26.44**.