Question
In one day, the stock price for Microhard rose from
to
per share. By what percent did this stock
price rise?
Question Help:
Message instructor
Submit Question
price rise?
Question Help:
Submit Question
Ask by Brewer Stephens. in the United States
Mar 29,2025
Upstudy AI Solution
Tutor-Verified Answer
Answer
The stock price rose by 14%.
Solution

Sign in to Unlock Answers for Free!
A Learning Platform Trusted by Millions of Real Students and Teachers.

Answered by UpStudy AI and reviewed by a Professional Tutor
Like
Beyond the Answer
To calculate the percent increase, you start with the initial price ($50) and the final price ($57). The change in price is
. Now, divide this change by the initial price:
. To find the percent increase, multiply by 100, giving you a 14% rise in stock price. So, the stock rose by 14% in just one day!
Understanding stock price increases can lead to greater investment strategies. For instance, using this knowledge, investors can identify patterns and decide whether to buy, hold, or sell their shares based on past performance and anticipated growth. It turns stock market movements into game theory, making it a strategic playground!