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14 October, 08:04

If you bought a stock last year for a price of $60, and it has gone down 7.8% since then, how much is the stock worth now, to the nearest cent?

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  1. 14 October, 09:19
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    Find 7.8% of $60 so you can subtract it to find how much the stock is worth.

    Formula: (7.8*60) / 100 = $4.68

    $60-$4.68=$55.32

    Answer: $55.32
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