question 1 of 10\nat the beginning of the day, stock xyz opened at $4.25. at the end of the day,\nit closed…

question 1 of 10\nat the beginning of the day, stock xyz opened at $4.25. at the end of the day,\nit closed at $5.25. what is the rate of change of stock xyz?\na. -23.5%\nb. 19.0%\nc. -19.0%\nd. 23.5%

question 1 of 10\nat the beginning of the day, stock xyz opened at $4.25. at the end of the day,\nit closed at $5.25. what is the rate of change of stock xyz?\na. -23.5%\nb. 19.0%\nc. -19.0%\nd. 23.5%

Answer

Answer:

D. 23.5%

Explanation:

Step1: Calculate the change in price

The change in price is (5.25 - 4.25=1)

Step2: Use the rate of change formula

The rate of change formula is (\frac{\text{Change in value}}{\text{Original value}}\times100%) Substitute the values: (\frac{1}{4.25}\times 100%)

Step3: Calculate the result

(\frac{1}{4.25}\times100% \approx 23.5%)