Asked by Rebecca Rivera on May 16, 2024
Verified
Goldfield Resources' share price fell by $4 in Year 1 and then rose by $4 in Year 2. If the share price was $6 at the end of Year 1, what was the percent change in share price each year?
Percent Change
The measurement of the relative change of a quantity, expressed as a percentage, to denote increase or decrease from one period to another.
Share Price
The current price of a single share of a company's stock on the market.
- Develop the expertise to measure percentage accretions and decrements.
- Interpret financial data to determine changes in market conditions or business strategies.
Verified Answer
SP
Learning Objectives
- Develop the expertise to measure percentage accretions and decrements.
- Interpret financial data to determine changes in market conditions or business strategies.