6
QuizMultiple Choice

Topic Test

Question 6 • 26-27 Ignite Financial Literacy Personal Finance - EL3403

Consider today’s stock listing for Enam Telecom, shown below.52 wk High52 wk LowSymbolDiv.CloseNet Change122.8664.77ENM3.4599.144.74If the lowest price in the past year occurred 48 days ago, find the approximate average change per day since then.

Answer
A
$4.74
B
$0.72
C
$0.49
D
$1.34

Explanation

The stock rose from its 52-week low of $64.77 to its current close of $99.14, a change of $99.14 − $64.77 = $34.37. Divide by 48 days: $34.37 ÷ 48 ≈ $0.72 per day, so the correct choice is $0.72.

AI-written and checked against the verified answer.

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