ujunwoke ujunwoke

02-08-2016
Mathematics

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On January 1st 2003, the value of a stock was 135$ per share. By December 1st 2003, the value of the stock had 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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15sunshine 15sunshine

02-08-2016

135-38= 97
97/11= $8.82

There are 11 months in between those dates. 12 would get you back to January again.

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