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If you bought a stock last year for a price of $108, and it has risen 9% since then, how much is the stock worth now, to the nearest cent? Answer:

If you bought a stock last year for a price of $108 \$ 108 , and it has risen 9% 9 \% since then, how much is the stock worth now, to the nearest cent?\newlineAnswer:

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Q. If you bought a stock last year for a price of $108 \$ 108 , and it has risen 9% 9 \% since then, how much is the stock worth now, to the nearest cent?\newlineAnswer:
  1. Add 99% increase: Now, we add the 99% increase to the original price to find the current value of the stock.\newlineCurrent value of the stock = Original price + Increase\newline= $108\$108 + $9.72\$9.72\newline= $117.72\$117.72

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