Question

On Monday, the closing value of a share in a stock in Company ABC, was 74.01. On Tuesday, it closed at 73.67, and on Wednesday, it closed at 74.32. On Thursday, the change in stock values was -1.48. And, on Friday, company ABC's stock gained 0.89 points. If a shareholder owns 75 shares of Company ABC's stock, by what amount did their stock value change on Wednesday?

Answer 1

Answer:

The shareholder gained $48.75 on Wednesday, which represents a 0.88% gain.

Step-by-step explanation:

the opening value on Wednesday was $73.67 per stock, times 75 stocks = $5,525.25.

the closing value on Wednesday was $74.32 per stock, times 75 stocks = $5,574.

the shareholder gained $5,574 - $5,525.25 = $48.75 on Wednesday, which represents a 0.88% gain.