The price, P, of stock in pounds during a 9-hour trading window can be modelled by P
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The price, P, of stock in pounds during a 9-hour trading window can be modelled by P = 17.4 + 2 sin (0.7t − 3), where t is the time in hours after the stock market opens, and angles are measured in radians.
a. State the beginning and end price of the stock.
b. Calculate the maximum price of the stock and the time when it occurs.
c. A day trader wants to sell the stock when it firsts shows a profit of £0.40 above the day’s starting price. At what time should the trader sell the stock?
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Related Book For
Pearson Edexcel A Level Mathematics Pure Mathematics Year 2
ISBN: 9781292183404
1st Edition
Authors: Greg Attwood, Jack Barraclough, Ian Bettison, David Goldberg, Alistair Macpherson, Joe Petran
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