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The stock of Company A gained 5% today to $64.05. What was the opening price of the stock in the beginning of the day?

The stock of Company A gained 5% today to $64.05. What was the opening price of the stock in the beginning of the day?
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1 vote
The stock of Company A gained 5% today to $64.05. What was the opening price of

the stock in the beginning of the day?

asked
User Eduardo In Norway
by
8.3k points

1 Answer

0 votes

Answer:

opening price = 100/105 × 64.05

= $61.00

Explanation:

the gained percentage = 5%

opening price = 100/105 × 64.05

= $61.00

answered
User Lacefarin
by
7.8k points
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