Question: A stock's value declines by 20% over the previous year in each of the first 3 years after the stock was offered to the market.

A stock's value declines by 20% over the previous year in each of the first 3 years after the stock was offered to the market. By approximately what percentage does the stock value need to increase in the fourth year such that the stock value will equal the value at which it was originally offered? 100% 60% 80% 120% 150%

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