Question

1- what is the formula that correctly relates Y and T? 2- If yesterdays closing price was 32 13/16, what was today's closing price?

Answer 1

$\begin{gathered} Question\text{ i\rparen} \\ The\text{ equation is T=Y+1}\frac{5}{8} \\ Question\text{ ii\rparen} \\ Y=32\text{ }\frac{13}{16} \\ T=32\text{ }\frac{13}{16}+\text{1}\frac{5}{8} \\ T=34\text{ }\frac{7}{16} \\ Today´s\text{ closing price was 34 }\frac{7}{16} \end{gathered}$