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6 April, 22:06

If you bought a stock last year for a price of $102, and it has gone down 11.8% since then, how much is the stock worth now, to the nearest cent?

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  1. 6 April, 22:29
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    Step-by-step explanation:

    Current stock price = $102 - 11.8% of $102.

    11.8/100 x 102 = $12.036

    Therefore, $102 - $12.036 = $89.964

    To the nearest cent = $90.
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