The price of XYZ Company stock went from $291 to 25i.
What will be an ideal response?
First compute prices as decimal numbers: $29.375 and $25.125
The change is from $29.375 to $25.125, so: v1= 29.375 and v2= 25.125
f = v2/vi c = (fâ 1) *100
f = 25.125 / 29.375 = 0.8553
c = (0.8553 â 1) * 100 c = 14.47% (decrease)
The current price of $258 is 14.47% less than the earlier $291 price.
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What will be an ideal response?
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