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Question

One thousand shares of Luis Inc. Were purchased at Tk. 8.75 per share. The share price rose 215% in the first year after purchase, dropped 40% in the second year, and then dropped another 20% in the third year. What is the price per share at the end of the third year?

Tk. 13.23

Tk. 8.75

Tk. 7.00

Tk. 8.25

None of these

ANSWER : 1

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