SOLUTION: The price of a stock dropped 20% in one month. The following month it's price increased by 20%. Is the stock above or below it's starting price?
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Question 1142660: The price of a stock dropped 20% in one month. The following month it's price increased by 20%. Is the stock above or below it's starting price?
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
Let = the beginning price
= price after 1 month
The stock is 4% below its starting price
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