Question

The chart shows the lowest price of the Microsoft stock over the last year and the highest price. If you had purchased the stock at the low point and sold it as the high point, what percent increase (to the nearest whole percent) in the price of the stock would you have experienced

Answer 1

Answer:

The percent increase (to the nearest whole percent) in the price of the stock you would have experienced is 34%.

Explanation:

Note: This question is not complete as the Chart is not included. To complete the question, the chart is therefore provided before answering the question. See the attached image for the chart.

The explanation of the answer is now provided as follows:

From the chart, we can identify the following:

52 week range    55.61 - 74.42

The above implies that:

The low point = 55.61

The high point = 74.42

Therefore, we have:

Percent increase in the price of the stock = ((The high point - The low point) / The low point) * 100 = ((74.42 - 55.61) / 55.61) * 100 = 34%

Therefore, the percent increase (to the nearest whole percent) in the price of the stock you would have experienced is 34%.