Consider today’s stock listing for Enam Telecom, shown below. 52 wk High 52 wk Low Symbol Div. Close Net Change 122.86 64.77 ENM

Question

2 years ago

13

3.45 99.14 4.74 If the lowest price in the past year occurred 48 days ago, find the approximate average change per day since then.

1 answer:

Alja [10] · Answer 1 · 2023-09-21T07:45:32+03:00

Answer:

Average change per day is 0.72

Step-by-step explanation:

As per stock listing given in the listing for Enam Telecom is

52 wk high = 122.86

52 wk low = 64.77

Div. = 3.45

Close = 99.14

Net change = 4.74

Now it is given that lowest price which was 64.77 occurred 48 days ago.

Since yesterday closing price was 99.14 therefore net change in value will be = 99.14 - 64.77 = 34.37

This change is in 48 days so average change per day will be = Total change /number of days = 34.37/48 = 0.716 = 0.72

Answer is average change per day is 0.72