7
QuizMultiple Choice

Buying and Selling Stock

Question 7 • 26-27 Ignite Financial Literacy Personal Finance - EL3403

Consider today’s stock listing for Dagofi Radar, shown below.52 wk High52 wk LowSymbolDiv.CloseNet Change162.2257.71DFR9.75130.58-2.64If the lowest price in the past year occurred 35 days ago, find the approximate average change per day since then.

Answer
A
$2.08
B
$2.64
C
$0.90
D
$2.99

Explanation

The stock rose from its 52-week low of $57.71 to its current close of $130.58, a change of $130.58 − $57.71 = $72.87. Divide that increase by 35 days: $72.87 ÷ 35 ≈ $2.08 per day. The correct choice is $2.08.

AI-written and checked against the verified answer.

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