The price of XYZ Company stock went from $25i to $29-a.
What will be an ideal response?
First compute prices decimal numbers: 25.125 and 29.375
The change is from $25.125 to $29.375, so: v1= 25.125 and v2 = 29.375
f= v2 I vi c = (f— 1) *100
f= 29.375 / 25.125 = 1.1692
c = (1.1692 —1) * 100 c = 16.92% (increase)
The current price of $291 is 16.92% greater than the earlier $251 price.
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