At the end of the trading day on April 25, Riveters Inc. closed at $28.84, which was a 15.22% net change from the previous days close. What was the approximate close on the previous day?
Chapter 8, Application 8.2 #10
At the end of the trading day on April 25, Riveters Inc. closed at $28.84, which was a 15.22% net change from the previous day’s close. What was the approximate close on the previous day?
This problem has been solved!
Do you need an answer to a question different from the above? Ask your question!
Answer
$26.25. On April 25, the stock market closed at $26.25, beating the previous days close by 0…View the full answer
Related Book For 
Financial Algebra Advanced Algebra With Financial Applications
2nd Edition
Authors: Robert Gerver, Richard J. Sgroi
ISBN: 9781337271790