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Calculate the price of a single issue of stock

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Reference no: EM131667992

Question: The price of a single issue of stock can fluctuate throughout the day. A linear equation that represents the price of stock for Shipment Express is y = 15 - 1.5x where x is the number of hours passed in an eight-hour day of trading.

1. What are the slope and y-intercept? Interpret their meaning

2. If you owned this stock, would you want a positive or negative slope? Why?

Reference no: EM131667992

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