The table below reports the annual stock price in September for Apple from 2005

Question

The table below reports the annual stock price in September for Apple from 2005 to 2014. Develop a simple index for the change in earning per share over the period. Use 2005 as the base period.

a. By what percent have stock prices changed from 2005 to 2008?

b. By what percent have stock prices changed from 2005 to 2014?

c. By what percent have the stock prices changed from 2008 to 2014?

Year Earnings per Share Simple Index 2005 $2.32 2006 $3.35 2007 $4.28 2008 $4.67 2009 $7.32 2010 $9.80 2011 $9.91 2012 $10.82 2013 $12.36 2014 $15.65

Explanation / Answer

a. 201.29%

b. 674.57%

c. (15.65/4.67)*100% = 335.12%

Year Earnings per Share Simple Index 2005 $2.32 100 2006 $3.35 144.3965517 2007 $4.28 184.4827586 2008 $4.67 201.2931034 2009 $7.32 315.5172414 2010 $9.80 422.4137931 2011 $9.91 427.1551724 2012 $10.82 466.3793103 2013 $12.36 532.7586207 2014 $15.65 674.5689655

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