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What was the percent decrease in the price

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What was the percent decrease in the price

by VJesus12 » Tue Oct 31, 2017 10:51 am
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) The price of MGTK was $56.20 on March 1, 2001.
(2) The price of the stock on January 1, 2002, was only one-quarter of its price as of March 1, 2001.

The Official Answer is E.

Why statement (2) is not sufficient? Experts, I don't have it clear.
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