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by ketkoag » Tue May 19, 2009 4:15 am
Stock X increased from $40 per share to $41 and Y increased from $25 to $28.5. The increased percentage of price of Y is what percent of the increased percentage of the price of X?
Guys, please type in the value that u get as it think i am getting the wrong answer.. sorry no answer choices here.. :)
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by PAB2706 » Tue May 19, 2009 4:33 am
i got 40% increase :?

wht are u getting?
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Re: stock

by Pranay » Tue May 19, 2009 4:47 am
I am getting 560% increase ... !!!!!!! :shock: May be because options are not available .. !

Anyways whats the answer .. ??

Please correct if wrong. :)


Regards,

Pranay
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by mike22629 » Tue May 19, 2009 8:10 am
Yea, it should be a 560%
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by mike22629 » Tue May 19, 2009 8:12 am
((3.5)/25) / (1/40) = 56/10

560%
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by ketkoag » Tue May 19, 2009 11:11 am
i too got 560%, but the actual answer given is 11.5%
and now i am 99.99% sure that the OA is wrong..:) but still any reasons for OA?
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by p2pg » Tue May 19, 2009 11:24 am
it look as if OA is expecting a difference between 14 (% increase in Y) and 2.5%(%increase in X)
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by Pranay » Tue May 19, 2009 9:26 pm
Agree with p2pg.

It should be either way around.
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