The price of the common shares of SouthCo was valued at $39.45 at the end of 2009, increased by 8.06% in 2010, and overall increased by 12.60% over the two year period 2009/2010. What was the original price of each share at the beginning of 2009?
ANSWER: Initial Value= $39.45*(100% 8.06%)/(100%+12.60)
Initial Value= $37.86
What do i do if the question was the same but instead of INCREASING both time its DECREASED.((The price of the common shares of SouthCo was valued at $39.45 at the end of 2009, DECREASED by 8.06% in 2010, and overall DECREASED by 12.60% over the two year period 2009/2010. What was the original price of each share at the beginning of 2009?))
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