What was the percent decrease in the price of MegaTek (MGTK) stock during the market decline of March 1, 2001, to March 1, 2002?
1 answer:
Answer:
Insufficient data.
Step-by-step explanation:
Here, we need to find the percent decrease in the price of the stock during the market decline of March 1, 2001, to March 1, 2002,
i.e
(1)
∵ The price of the stock during March 1, 2001 = $56.20,
So, the percentage decrease =
Thus, data is insufficient to find the percentage decrease.
(2) ∵ The price of the stock during January 1, 2002 = 1 quarter of $56.20,
= $ 14.05
i.e. we have neither price in 1 march 2001 nor price in 1 march 2002.
Thus, data is insufficient to find the percentage decrease.
Even we combined the statements (1) and (2),
The data is insufficient to find the percentage decrease.
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