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    Exam 2: A: Review and Applications of Algebra
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    Two Years Ago the Shares of Diamond Strike Resources Traded
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Two Years Ago the Shares of Diamond Strike Resources Traded

Question 77

Question 77

Essay

Two years ago the shares of Diamond Strike Resources traded at a price of $3.40 per share. One year later the shares were at $11.50, but then they declined in value by 35% during the subsequent year. Calculate:
a) The percent change in the share price during the first year.
b) The current share price.

Correct Answer:

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a) 238.24%...

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