Question: State whether the following statement is true orfalse, and explain why. If the statement isfalse, state the true change. Thepriceofastockrisesby22%, thenlaterfallsby22%. After the two changes

State whether the following statement is true orfalse, and explain why. If the statement isfalse, state the true change.

Thepriceofastockrisesby22%, thenlaterfallsby22%. After the two changes in value, theprice is unchanged.

Select the correct choice belowand, ifnecessary, fill in the answer box to select choice.

The statement is true because the percentages of the increase and decrease in the valueofthestock are thesame, so there is no net change in the price.

The statement is false because the reference values for the increase and decrease in the valueofthestock are not the same. The true change in the price is

nothing

(Simplify your answer. Type an integer or decimal rounded to the nearest hundredth asneeded.)

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