Answer:
The stock grew price grew by 3.5%
Step-by-step explanation:
To find by how much a number grew we apply the growth formula:
%change=(present value-past value)/(past value)*100
Whilst we know that the present value is 91.08, we need to calculate the past value by subtracting the growth to the present value.
past value=91.08-3.08
The past value was 88.00
Applying the formula:
(91.08-88.00)/88.00*100=3.5%
