Welcome to Westonci.ca, where finding answers to your questions is made simple by our community of experts. Ask your questions and receive precise answers from experienced professionals across different disciplines. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.
Sagot :
Let's break down the problem into steps and solve it systematically.
1. Initial stock price:
The stock was initially priced at \( \$ 33 \frac{3}{8} \) per share.
Firstly, convert \( 33 \frac{3}{8} \) into a decimal:
[tex]\[ 33 \frac{3}{8} = 33 + \frac{3}{8} = 33 + 0.375 = 33.375 \][/tex]
So, the initial stock price is \( 33.375 \) dollars.
2. Stock price increase by lunchtime:
By the movie's lunchtime preview, the stock increased by \( \$ 4 \frac{1}{4} \) per share.
Convert \( 4 \frac{1}{4} \) into a decimal:
[tex]\[ 4 \frac{1}{4} = 4 + \frac{1}{4} = 4 + 0.25 = 4.25 \][/tex]
So, the stock increased by \( 4.25 \) dollars by lunchtime.
3. Stock price at noon:
Add the increase in stock price by lunchtime to the initial stock price:
[tex]\[ \text{Stock price at noon} = 33.375 + 4.25 = 37.625 \][/tex]
So, the stock price at noon is \( 37.625 \) dollars.
4. Stock price decrease in the afternoon:
After the controversial scene was leaked, the stock decreased by \( \$ 8 \frac{7}{8} \).
Convert \( 8 \frac{7}{8} \) into a decimal:
[tex]\[ 8 \frac{7}{8} = 8 + \frac{7}{8} = 8 + 0.875 = 8.875 \][/tex]
So, the stock decreased by \( 8.875 \) dollars in the afternoon.
5. Stock price at the end of the day:
Subtract the afternoon decrease in stock price from the noon stock price:
[tex]\[ \text{Stock price at end of day} = 37.625 - 8.875 = 28.75 \][/tex]
So, the stock price at the end of the day is \( 28.75 \) dollars.
To summarize, the stock price went through the following stages:
- Initial stock price: \( 33.375 \) dollars
- Noon stock price after increase: \( 37.625 \) dollars
- End of day stock price after afternoon decrease: \( 28.75 \) dollars
Thus, the stock price at the end of the day was [tex]\( \boxed{28.75} \)[/tex] dollars.
1. Initial stock price:
The stock was initially priced at \( \$ 33 \frac{3}{8} \) per share.
Firstly, convert \( 33 \frac{3}{8} \) into a decimal:
[tex]\[ 33 \frac{3}{8} = 33 + \frac{3}{8} = 33 + 0.375 = 33.375 \][/tex]
So, the initial stock price is \( 33.375 \) dollars.
2. Stock price increase by lunchtime:
By the movie's lunchtime preview, the stock increased by \( \$ 4 \frac{1}{4} \) per share.
Convert \( 4 \frac{1}{4} \) into a decimal:
[tex]\[ 4 \frac{1}{4} = 4 + \frac{1}{4} = 4 + 0.25 = 4.25 \][/tex]
So, the stock increased by \( 4.25 \) dollars by lunchtime.
3. Stock price at noon:
Add the increase in stock price by lunchtime to the initial stock price:
[tex]\[ \text{Stock price at noon} = 33.375 + 4.25 = 37.625 \][/tex]
So, the stock price at noon is \( 37.625 \) dollars.
4. Stock price decrease in the afternoon:
After the controversial scene was leaked, the stock decreased by \( \$ 8 \frac{7}{8} \).
Convert \( 8 \frac{7}{8} \) into a decimal:
[tex]\[ 8 \frac{7}{8} = 8 + \frac{7}{8} = 8 + 0.875 = 8.875 \][/tex]
So, the stock decreased by \( 8.875 \) dollars in the afternoon.
5. Stock price at the end of the day:
Subtract the afternoon decrease in stock price from the noon stock price:
[tex]\[ \text{Stock price at end of day} = 37.625 - 8.875 = 28.75 \][/tex]
So, the stock price at the end of the day is \( 28.75 \) dollars.
To summarize, the stock price went through the following stages:
- Initial stock price: \( 33.375 \) dollars
- Noon stock price after increase: \( 37.625 \) dollars
- End of day stock price after afternoon decrease: \( 28.75 \) dollars
Thus, the stock price at the end of the day was [tex]\( \boxed{28.75} \)[/tex] dollars.
Thanks for stopping by. We are committed to providing the best answers for all your questions. See you again soon. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.