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

Average change/day = (Close − 52‑wk Low) / days = (99.14 − 64.77) / 48 = 34.37 / 48 ≈ 0.716 ≈ $0.72. Answer: b.