Questions: Use the stock table to answer parts (a) through (h).
Company A
NASDAQ: CA
276.95 △ 0.53(19 %)
July 6, 7:59 pm EDT - Market Closed
July 6, 7:59 pm EDT - Market Closed 36.72 Vol 23.83 M
Open 274.73 P/E Avg Vol 22.76 M
High 279.30 52wk High 195.26 Mkt Cap 2.08 T
Low 277.34 52wk Low 155.26
a. What was the closing price of a share of stock on July 6 ?
The closing price was 276.95.
b. Was the closing price up or down from the previous trading day? By how much?
The closing price was up by 0.53, which was a 0.19 % increase.
(Type an integer or a decimal.)
c. What was the closing price on the previous trading day?
The closing price on the previous day was
Transcript text: Use the stock table to answer parts (a) throught (h).
Company A
NASDAQ: CA
\[
276.95 \triangle 0.53(19 \%)
\]
July 6, 7:59 pm EDT - Market Closed
\begin{tabular}{|c|c|c|c|c|c|}
\hline \multicolumn{3}{|l|}{July 6, 7:59 pm EDT - Market Closed} & \multirow[t]{2}{*}{36.72} & Vol & 23.83 M \\
\hline Open & 274.73 & P/E & & Avg Vol & 22.76 M \\
\hline High & 279.30 & 52wk High & 195.26 & Mkt Cap & 2.08 T \\
\hline Low & 277.34 & 52wk Low & 155.26 & & \\
\hline
\end{tabular}
a. What was the closing price of a share of stock on July 6 ?
The closing price was $\$ 276.95$.
b. Was the closing price up or down from the previous trading day? By how much?
The closing price was up by $\$ 0.53$, which was a $0.19 \%$ increase.
(Type an integer or a decimal.)
c. What was the closing price on the previous trading day?
The closing price on the previous day was $\$$ $\square$
Solution
Solution Steps
Solution Approach
a. The closing price on July 6 is directly given as $276.95.
b. To determine if the closing price was up or down from the previous trading day, we compare the given closing price with the change in price. The change is given as an increase of $0.53, which is a 0.19% increase.
c. To find the closing price on the previous trading day, subtract the change in price ($0.53) from the closing price on July 6 ($276.95).
Step 1: Closing Price on July 6
The closing price of a share of stock on July 6 is given as
\[
276.95.
\]
Step 2: Price Change
The closing price increased by
\[
0.53,
\]
indicating that the price was up from the previous trading day.
Step 3: Closing Price on Previous Trading Day
To find the closing price on the previous trading day, we calculate:
\[
\text{Previous Closing Price} = 276.95 - 0.53 = 276.42.
\]
Final Answer
The closing price on the previous trading day was
\[
\boxed{276.42}.
\]