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12 March, 18:32

On July 1st 2003 the value of a stock was $135 per share. By December 1st 2003 the value of the stock has fallen to $38 per share. What is the average rate of change in the value of the stock in dollars per month?

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  1. 12 March, 21:41
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    In July 1, 2003 the value of stock was 135

    In Dec 1, 2003 the value of stock was 38

    so in 5 months, the stock dropped 97

    97/5 = 19.40 per month ... but since it dropped, the rate of change is negative ... so ur answer is - 19.40 per month
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