One thousand shares of Frontier Mining were purchased at $6.50 per share. The share price rose 110% in the first year after purchase, declined 55% in the second year, and then dropped another 55% in the third year.
a) What was the percent change in share price over the entire three years?
b) How much (in dollars and cents) did the share price drop in the second year?

Question

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The Answer of One thousand shares of Frontier Mining were purchased at $6.50 per share. The share price rose 110% in the first year after purchase, declined 55% in the second year, and then dropped another 55% in the third year.
a) What was the percent change in share price over the entire three years?
b) How much (in dollars and cents) did the share price drop in the second year?

One Thousand Shares of Frontier Mining Were Purchased at $6