Asked by Pareet Chattrath Parneet on May 10, 2024
Verified
Comanche Ltd closed at $15.89,a $0.43 decrease from the closing price the day before.This is a 2.6% decrease.
Decrease Percentage
The rate at which a quantity diminishes in comparison to its original value.
- Comprehend the importance of color variations in candlestick charts for depicting movements in the stock market.
- Analyze indicators in the stock market, including growth in capital, dividend payouts, and investment returns, to make sound investment decisions.
Verified Answer
KS
Karen SerranoMay 14, 2024
Final Answer :
True
Explanation :
To calculate the percent decrease, we can use the formula: ((new price - old price) / old price) x 100%. Plugging in the given values, we get ((15.89 - (15.89 + 0.43)) / (15.89 + 0.43)) x 100% = -2.6%. Therefore, the statement is true.
Learning Objectives
- Comprehend the importance of color variations in candlestick charts for depicting movements in the stock market.
- Analyze indicators in the stock market, including growth in capital, dividend payouts, and investment returns, to make sound investment decisions.