A stock that sold for $240 per share before a week began had the following gains and losses in share price over the course of that week. Monday ( - 2 3/4 ),
Tuesday ( - 3 1/8 ), Wednesday ( + 1 1/8 ), Thursday ( + 5 ), Friday ( - 2 1/4 ).
Suppose an investor bought 100 shares of this stock on Monday morning for $240 per share.Which statement describes the value of her investment at the end of the week ?
a. The value had increased by more than $200
b. The value had increased by $200
c. The value had decreased by $200
d. The value had decreased by more than $200
please answer and explain
5 answers
Add up the share's gains and losses for the week.
( - 2 3/4 )+( - 3 1/8 )+( 1 1/8 )+(5)+( - 2 1/4 )= -2
??? -2, i didn't see answer had -2
is it answer c
Yes. C.
2 answers