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4 Stock Investment. Aspen purchased a dot-com stock, which was heavily advertised on the Internet for $25 per share shortly a
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Answer #1

Stock price = $25

Stock price is declined by 20% each year over the next 3 years.

So, stock price after 3 years will be = $25 * (1 - 0.20) * (1 - 0.20) * (1 - 0.20)

stock price after 3 years will be = $12.80

Answer is $12.80

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