A company's stock began the day at $25.28 per share. That price drops by $1.16 each hour. A. What is the price per share after 5 hours? B. What will it be after 23 hours if this rate continues? C. Explain what the signs of the answers mean in this context.

Question

Javion Ware

Mathematics

9 December, 22:32

A company's stock began the day at $25.28 per share. That price drops by $1.16 each hour. A. What is the price per share after 5 hours? B. What will it be after 23 hours if this rate continues? C. Explain what the signs of the answers mean in this context.

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Answers (1)

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Alexander Garcia · Answer 1

Answer: A.) $19.48

B.) - $1.40

C.) The sign in B, the negative, means that if the price of the share were to continue dropping, then it will become negative.