Answer to Question #77450 in Financial Math for satnam singh

Question

The price of a company's share dropped by 3.00% by the end of the first year, down to $44.25. During the second year the price of the share dropped by $1.77.

a. What was the price of the share at the beginning of the first year?


b. What was the price of the share at the end of the second year?


c. What was the percent change in the price of the share over the two years?

Answer 1

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