The price of a stock decreased $2 per day for four consecutive days. What was the total change in value of the stock over the four-day period?
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To find the total change in value of the stock over the four-day period, we need to calculate the sum of the changes in value for each day.
Since the price of the stock decreased by $2 per day for four consecutive days, we can calculate the total change in value by multiplying the decrease per day ($2) by the number of days (4).
Let's calculate:
Total change in value = Decrease per day * Number of days
Total change in value = $2 * 4
Total change in value = $8
Therefore, the total change in value of the stock over the four-day period is $8.