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An Investor Purchased Shares of Digger Resources at a Price

Question 148

Short Answer

An investor purchased shares of Digger Resources at a price of $0.55 per share. One year later, the shares traded at $1.55, but they fell back to $0.75 by the end of the second year after the date of purchase. Calculate the percent change in the share price accurate to the nearest 0.01%.:
a. In the first year
b. In the second year
c. Over both years

Correct Answer:

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a) 181.82%...

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