Question
Asked Apr 9, 2019
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Starbucks stock rose from 38pershareonJanuary1,2013to 60 per share on January 1, 2015. During the same period, Pepsi stock rose from 82to100.What was the relative change in Pepsi stock price,rounded to the nearest percent?

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Expert Answer

Step 1

In the period of 2 years from January 1, 2013 to January 1, 2015, the stock of Starbucks rose from 38 per share to 60 per share. In the same period, the stock of Pepsi rose from 82 to 100. The relative change is computed as

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Step 2

Obtain the relative change in Pepsi stock price as follows.

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Step 3

Thus, the percen...

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