The price of a stock appreciated by 33.30% of its value last month and then depreciated by
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The price of a stock appreciated by 33.30% of its value last month and then depreciated by 33.30% this month. By what percent did the stock appreciate or depreciate over the 2-month period? Express your answer as a positive or negative value based on the direction of the percentage change.
Related Book For
Fundamentals of corporate finance
ISBN: 978-0470876442
2nd Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
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