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Adjusted for Stock Splits, the Price of Microsoft Shares Rose

Question 281

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Adjusted for stock splits, the price of Microsoft shares rose 88.3%, 56.4%, 114.6%, and 68.4% in the years 1996 to 1999 respectively. In 2000, the share prices fell 62.8%.
a) What was the overall five-year percent change in the price of Microsoft shares?
b) If the share price at the end of 2000 was $43.38, what was the price at the beginning of 1996?

Correct Answer:

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a) 295.9%,...

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