Answer:
$1,524.75
Step-by-step explanation:
Purchase price = $1,500
Percentage decrease = 5% or 0.05 as a decimal
Amount by which the stock decreased = - (1500*0.05) = -$75
So at first, the price decrease to = $1,500 - $75 = $1,425
Secondly, the percentage increase in price = 7% or 0.07 as a decimal
Amount by which the stock increased = (1,425*0.07) = $99.75
Therefore, the price rose to = $1,425 + $99.75 = $1,524.75
New value is therefore $1,524.75
