How can you calculate the previous day's closing stock price if you look at the financial sction of the newspaper and see the most recent closing price of a given stock? For example, if you see the stock has most recently closed at 97, how would you be able to calculate the price at which it closed prior to that 97 closing price? This is the amount that would have appeared in the previous day's paper.
How can you calculate the previous day's closing stock price if you look at the financial sction of the newspaper and see the most recent closing price of a given stock? For example, if you see the stock has most recently closed at 97, how would you be able to calculate the price at which it closed prior to that 97 closing price? This is the amount that would have appeared in the previous day's paper.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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How can you calculate the previous day's closing stock price if you look at the financial sction of the newspaper and see the most recent closing price of a given stock?
For example, if you see the stock has most recently closed at 97, how would you be able to calculate the price at which it closed prior to that 97 closing price? This is the amount that would have appeared in the previous day's paper.
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