Stock prices and prime rate. It is theorized that the price per share of a stock is
Chapter 0, Problem 95(choose chapter or problem)
Stock prices and prime rate. It is theorized that the price per share of a stock is inversely proportional to the prime (interest) rate. In January 2010, the price per share of Apple Inc. stock was $205.93 and the prime rate was 3.25%. The prime rate rose to 4.75% in March 2010. (Source: finance.yahoo.com and Federal Reserve Board.) What was the price per share in March 2010 if the assumption of inverse proportionality is correct? R S
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