In three successive years the price of the common shares of Bedrock Resources Ltd. fell 40%, 60%,

Question:

In three successive years the price of the common shares of Bedrock Resources Ltd. fell 40%, 60%, and 70%, ending the third year at 50 cents.
a. What was the share price at the beginning of the three-year skid?
b. How much (in dollars and cents) did the share price drop in the second year?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: