After its initial offering, the price of a stock increased by 20% in the first year, decreased

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After its initial offering, the price of a stock increased by 20% in the first year, decreased by 25% in the second year, then increased by 10% in the third year. What was the net change in the stock price over the entire three-year period?

A) It increased by 5%.

B) It increased by 1%.

C) It decreased by 1%.

D) It decreased by 5%.

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McGraw-Hill Education SAT 2017

ISBN: 9781259641657

1st Edition

Authors: Christopher Black, Mark Anestis

Question Posted: Jul 21, 2023 07:24 AM

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After its initial offering, the price of a stock increased by 20% in the first year, decreased

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C Let p the initial price per share of the stock After the first ...View the full answer

McGraw-Hill Education SAT 2017

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