Question

the price per share of a stock changes by -$4.50 on each of 5 consecutive days. if the starting price per share was $67.50, what was the ending price

Answer 1

It is given in the question that ,

The price per share of a stock changes by -$4.50 on each of 5 consecutive days.And the starting price of the share is $67.50.

Therefore, after first day, the price of share is

$67.50-4.50 = 63$

Price of share after second day

$63-4.50 = 58.50$

Price of share after third day is

$58.50-4.50 = 54$

Price of share after fourth day is

$54-4.50 = 49.50$

And price of share after fifth day is

$49.50-4.50 = 45$

And that's the price of the share after 5 consecutive days .