In May 2012,Facebook stock sold for $38 per share in its initial public offering (IPO) .More than a year later,in June 2013,the value of Facebook stock
A) had more than doubled in price.
B) had declined by nearly 40 percent from the IPO price.
C) languished at the same $38 per share price.
D) had increased by almost 60 percent from the IPO price.
Correct Answer:
Verified
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