Answered

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On January 1, one share of stock in the LMNOP Corp was worth $85. By December, it lost 11.6% of its value. What is the new value of one share of LMNOP stock?

Sagot :

aprillynn0418

Answer:

multiple then dived the numbers together

Parrain

Based on the previous worth of the stock and the value lost, the new value of the LMNOP stock is $75.14.

What is the new value of the LMNOP stock?

The value of $85 lost approximately 11.6% of its value.

The new value can be found as:

= Previous stock price x ( 1 - percentage loss)

Solving gives:

= 85 x (1 - 11.6%

= 85 x 88.4%

= $75.14.

Find out more on stock pricing at https://brainly.com/question/25300299.

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