An investor purchased a share of non-dividend-paying stock for p dollars on Monday. For a certain number of days, the value of the share increased by r percent per day. After this period of constant increase, the value of the share decreased the next day by q dollars and the investor decided to sell the share at the end of that day for v dollars, which was the value of the share at that time. How many working days after the investor bought the share was the share sold, if ?
A. Two working days later.
B. Three working days later.
C. Four working days later.
D. Five working days later.
E. Six working days later.
I'll post solutions later.
Interest - Very Difficult!!
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Hi,
Is there any other information after the if? I think the question is incomplete. So far though I have this equation
p(1+r)^x-q = v. We want to find x but there is too much information missing.
Hope this helps.
Is there any other information after the if? I think the question is incomplete. So far though I have this equation
p(1+r)^x-q = v. We want to find x but there is too much information missing.
Hope this helps.
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- Senior | Next Rank: 100 Posts
- Posts: 46
- Joined: Sun Mar 04, 2007 6:27 am