The price of a stock decreased $2 per day for four consecutive days. What was the total change in value of the stock over the four day period?
The total change in value of the stock over the four day period is:
( i.e. - $ 8 )
It is given that:
The price of a stock decreased $2 per day for four consecutive days.
i.e. each day the cost is decreased by: $ 2
Hence, in 4 days the total reduction in cost is: 4×2= $ 8
Hence, the total change in value of the stock is: -$ 8.