Lindsey invested her savings in shares of her brother's engineering company. The value of the shares that
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Lindsey invested her savings in shares of her brother's engineering company. The value of the shares that she owned dropped by $1.25 at the end of the first year, and a further $2.50 at the end of the second year. If the price of the share at the end of the second year was $12.55:
a. Calculate the percent change in the price of the share each year.
b. What was the percent drop in the price over the two-year period?AppendixLO1
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Related Book For
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans
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