Question

On Monday, the closing value of a share of 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 value 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 total stock value change on Wednesday?

Answer 1

I did the work and the guy above is in facts correct

Answer 2

48.75

Explanation:

If the stock value on Tuesday was 73.67, it means the total value was 5525.25. On Wednesday, the stock was worth 74.32, which means the total value was 5574. 5574 - 5525.25 = 48.75.