The stock of Company A lost $0.91 throughout the day and ended at a value of $51.09. By what percentage did the stock decline?

Question

asked Aug 21, 2022 108k views

2 Answers

Christian Stieber · Answer 1 · 2022-08-22T10:58:52+0000

Answer: 1.75%

Step-by-step explanation: new value: $51.09

51.09+0.91=\$52.00

Old value: 51.09+0.91=$52.00

52(1-r)=51.09

52(1−r)=51.09

{52(1-r)}{52} ={51.09}{52}

52

52(1−r)

= 1.75%