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.
(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.
