Stock Prices and Prime Rates. It is theorized that the price per share of a stock is
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Stock Prices and Prime Rates. It is theorized that the price per share of a stock is inversely proportional to the prime (interest) rate. In September 2005, the price per share of Toyota stock was $86.89 and the prime rate was 6.75%. The prime rate rose to 7.50% in March 2006. What would the price per share for Toyota stock in 2006 be if the assumption of inverse proportionality is correct?
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