Question
Suppose a company's stock has a starting price of $100 per share. Over the course of a year, the stock price experiences the following changes:
Suppose a company's stock has a starting price of $100 per share. Over the course of a year, the stock price experiences the following changes:
- In the first quarter, the price increases by 10%
- In the second quarter, the price decreases by 20%
- In the third quarter, the price increases by 30%
- In the fourth quarter, the price decreases by 15%
What is the final price of the stock at the end of the year?
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Statistics For Business And Economics
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams
11th Edition
978-0324783254, 324783256, 978-0324783247, 324783248, 978-0538481649
