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The stock price for fwt was $42.61 in October. In November the stock had increased 7%, but in December the price fell by 7%. What was the price of fwt stock in December? Round your answer to the nearest cent, if necessary.

Respuesta :

Answer:

$42

Step-by-step explanation:

The computation of the price of fwt stock in december is shown below:

In November, it would be

= Stock price in October × (1 + 0.07)

= $42.61 × 1.07

= $45.5927

In December it would be

= $45.5927 × (1 - 0.07)

= $42.40

= $42

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