Questions from Financial Algebra


Q: On June 19, Note Quest Inc. instituted a 3-

On June 19, Note Quest Inc. instituted a 3-for-2 split. At that time Keisha owned 205 shares of that stock. The price per share was $33.99. After the split, Keisha received a check for a fractional pa...

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Q: The Joseph family took out a $175,000, 25

The Joseph family took out a $175,000, 25-year mortgage at an APR of 4%. The assessed value of their house is $9,000. The annual property tax rate is 97.22% of assessed value. What is the annual prope...

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Q: How might those words apply to what you have learned? Why

How might those words apply to what you have learned? Why is the author warning readers that a share is not a lottery ticket?

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Q: On what date did the stock close at a price higher than

On what date did the stock close at a price higher than it opened?

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Q: What was the day’s opening price on the following days?

What was the day’s opening price on the following days? April 28 April 29 April 30 May 1 May 2

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Q: What was the day’s high price on April 29?

What was the day’s high price on April 29?

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Q: What was the day’s low price on May 1?

What was the day’s low price on May 1?

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Q: Jorge is installing a staircase so he can have access to his

Jorge is installing a staircase so he can have access to his attic. The rise of the stairs is 8 inches and the run of each stair is 11 inches. What is the slope of the staircase, expressed as a fracti...

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Q: What was the day’s close on May 2? /

What was the day’s close on May 2?

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Q: What was the approximate net change from April 29 to April 30

What was the approximate net change from April 29 to April 30? Express that net change as a monetary amount and as a percent to the nearest tenth.

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