I'm doing a math problem, and it says: "A certain stock begins the week trading at 87.5 per share. If the average gain for the next four days is 0.5, by how much should the price of the stock increase during Friday so that the total gain for the stock during the entire five days is 5 percent?"
According to the explanation given by the book I'm using, a gain of 0.5 is a gain of 2. How did they get that?
2007-04-07
06:59:32
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3 answers
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asked by
Anonymous
in
Business & Finance
➔ Investing