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.

Question

Quizplus · Accepted Answer

The Answer of 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.

Two Years Ago the Shares of Diamond Strike Resources Traded