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betsey purchased shares of a stock for $1.95 per share in 194. today the stock is worth $501.68 per share. betsey says the ratio of what the stock is worth now to what the stock was worth when she purchased it is greater than 25,000%. is betsey correct?

2006-10-12 10:25:57 · 1 answers · asked by Anonymous in Education & Reference ➔ Higher Education (University +)

1 answers

Yes..No matter what you use there is more than a 250X difference which doesn't change the results so that even if you took out the original price it would still be >250X

The only way for the statement to be incorrect is if there was a reverse split

2006-10-12 11:32:13 · answer #1 · answered by feanor 7 · 0⤊ 0⤋