Two years ago, General Materials and Standard Fixtures stock prices were the same. During the first year,

Question:

Two years ago, General Materials’ and Standard Fixtures’ stock prices were the same. During the first year, General Materials’ stock price increased by 10 percent while Standard Fixtures’ stock price decreased by 10 percent. During the second year, General Materials’ stock price decreased by 10 percent and Standard Fixtures’ stock price increased by 10 percent. Do these two stocks have the same price today? Explain.

Stocks
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing...