Please help with the following with computations in order to understand.
Two years ago, General Materials and Standard Fixtures' stock prices were the same. Over the first year, General Materials' stock price increased by 10 percent while Standard Fixtures' stock price decreased by 10 percent. Over the second year, General Materials' stock price decreased by 10 percent and Standard Fixtures' stock price increased by 10 percent. Do these two stocks have the same prices today? Explain.© BrainMass Inc. brainmass.com December 20, 2018, 12:28 am ad1c9bdddf
Let us assume that the the two years ago the Price was $100
The Price of General Materials after two years will be:
a) After first year
Increased by 10%, Hence it will be
The answer discusses the concept of price of stock