Question

consider today’s stock listing for enam telecom, shown below.

52 wk high	52 wk low	symbol	div.	close	net change
122.86	64.77	enm	3.45	99.14	4.74

if the lowest price in the past year occurred 48 days ago, find the approximate average change per day since then.
a. $4.74
b. $0.72
c. $0.49
d. $1.34

Explanation:

Step1: Find the price change

The lowest price (52 wk Low) is $64.77, and the closing price is $99.14. The total change is $99.14 - $64.77 = $34.37.

Step2: Calculate average daily change

This change occurred over 48 days. So, the average daily change is $\frac{34.37}{48} \approx 0.72$.

Answer:

b. $0.72