Answer:
4%
Step-by-step explanation:
New value:
$
71.50
New value: $71.50
Old value:
71.5
−
2.75
=
$
68.75
Old value: 71.5−2.75=$68.75
68.75
(
1
+
r
)
=
71.5
68.75(1+r)=71.5
68.75
(
1
+
r
)
68.75
=
71.5
68.75
68.75
68.75(1+r)
=
68.75
71.5
1
+
r
=
1.04
1+r=1.04
r
=
0.04
r=0.04
Subtract 1
The stock gained 4
%
The stock gained 4%
Multiply by 100
