Luis bought stock at $55.50. The next day, the price increased $17.90. This new price changed by

Fantastic news! We've Found the answer you've been seeking!

Question:

Luis bought stock at $55.50. The next day, the price increased $17.90. This new price changed by -4(3)/(4)% the following day. What was the final stock price, rounded to the nearest cent? Is your answer reasonable? Complete the explanation.

Related Book For answer-question

Management and Cost Accounting

ISBN: 978-1408093887

8th edition

Authors: Colin Drury

See More Books

Posted Date: Mar 07, 2023 02:58 AM

See More Questions

The price of Albertson stock increased on 40% of the trading days over the past year. The price of Boeing stock increased on 30% of the trading days. On 60% of the days that the price of Albertson...
What is a reasonable explanation for the gap between the quarters with weights between 5.5 grams and 5.8 grams and the group of quarters with weights between 6.0 grams and 6.4 grams? Required Answer...
What is a reasonable explanation for the gap between the group of people with heights between 43 in. and 55 in., and the group of people with heights between 57 in. and 77 in.? Constructing...
Compiler Error says main must return int. Why? I just need tomake this code work. Thats all. COMPILER :: gmichel@ubuntu:~/Desktop/CS302REDO/Project6$ g++ -Wall-std=c++11 pro6.cpp -o project...
Kansas Co. wants to invest in a project in China. It would require an initial investment of 5 million yuan. It is expected to generate cash flows of 7 million yuan at the end of one year. The spot...
Which of the following would be considered a cash equivalent? a. A certificate of deposit with a maturity of six months b. A certificate of deposit with a maturity of three months c. A note...
Describe cooling and leakage drag.
Using the trend projection method, develop a forecasting model for the sales of Cool-Man air conditioners. Data from Sales of Cool-Man air conditioners have grown steadily during the past 5 years:...
3. Write a Matlab program that computes either the area or the perimeter of a rectangle as follows: a) Ask the user to enter the length of the rectangle (L), and the width of the rectangle (W). b)...
Ritz Productss materials manager, Tej Dhakar, must determine whether to make or buy a new semiconductor for the wrist TV that the firm is about to produce. One million units are expected to be...
Instructions Preferred 2% Stock, $80 par (200,000 shares authorized, 65,000 shares issued) Paid-In Capital in Excess of Par-Preferred Stock $5,200,000 360,000 Common Stock, $12 par (3,000,000 shares...
When a committee of the California state legislature calls upon managers of state government agencies to testify regarding how they are implementing the laws under their jurisdiction, this is known...
When should we use this Supply and Demand model in deciding the market price, and the change of the market price? Tell us about your daily experience. Do you think you can solve real-world problems...
A study wishes to measure "citizen trust in government" through the number of lawsuits filed against the federal government. Evaluate the measurement validity of this approach.
Calculate the initial monthly payment for a loan of R40000 payable over 4 years at an interest of 15% if payments between month 12 and 36 are suspended Answers must be rounded to 2 decimal places and...
Explain Hofstede's Restraint Versus Indulgence dimensions of national culture that can be used to distinguish between one country and another.
Assume Donna and Dianne each contribute property to a corporation and they each receive 50% of the common stock. Donna contributes a building with a basis of $200,000 and a fair market value of...
How much more interest will be earned if $5000 is invested for 6 years at 7% compounded continuously, instead of at 7% compounded quarterly?
You are the management accountant of a publishing and printing company which has been asked to quote for the production of a programmer for the local village fair. The work would be carried out in...
A company is currently manufacturing at only 60 per cent of full practical capacity, in each of its two production departments, due to a reduction in market share. The company is seeking to launch a...
Job costing produces more accurate product costs than process costing. Critically examine the above statement by contrasting the information requirements, procedures and problems associated with each...
Describe the process of going public using an IPO, starting with underwriter selection and proceeding through the various stages that lead to determination of an issue price.
Identify at least four methods by which investors and/or the entrepreneur in a new venture can harvest their investment in a new venture. Describe the costs and benefits of each, and provide a...
From the perspective of the entrepreneur, what are the pros and cons of an IPO as opposed to private sale of the venture to a public company in exchange for stock or cash?

Luis bought stock at $55.50. The next day, the price increased $17.90. This new price changed by

Question:

Expert Answer:

Luis bought Stock 5550 Next day ... View the full answer

Management and Cost Accounting

Students also viewed these accounting questions