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An investor purchased a bond for \(p\) dollars on Monday. For a certain number of days, the value of the bond increased

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by Gmat_mission » Sat Oct 31, 2020 7:13 am

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An investor purchased a bond for \(p\) dollars on Monday. For a certain number of days, the value of the bond increased by \(r\) percent per day. After this period of constant increase, the bond decreased the next day by \(q\) dollars and the investor decided to sell the bond that day for \(v\) dollars. When did the investor sell the bond if

\(r=100\cdot\left(\sqrt{\dfrac{v+q}{p}}-1\right)?\)

A. Two working days later.

B. Three working days later.

C. Four working days later.

D. Five working days later.

E. Six working days later.

Answer: B

Source: Official Guide
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