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The share price of AMCO has risen consistently for 20 years.

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Director
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The share price of AMCO has risen consistently for 20 years. [#permalink] New post 21 Jul 2004, 05:17
00:00
A
B
C
D
E

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(N/A)

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0% (00:00) correct 0% (00:00) wrong based on 0 sessions
The share price of AMCO has risen consistently for 20 years. What was it worth in December 1998?
(1) In December 1994, the stock was valued at $49.
(2) During the bull market from 1994 to 1999, the stock increased in value by 10% each year.
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Re: DS [#permalink] New post 21 Jul 2004, 05:50
Hi jpv,

It looks E for me.

(1) insufficient because the rate of change per annum from Dec of previous year to Dec of the next year is not known.

(2)insufficient because it is mentioned that 10% increase per annum is starting from Dec 1994. It may be from April to April, or some other months. This makes the calculation varying as per the remaining months in 1998.

Do let me know OAs.

jpv wrote:
The share price of AMCO has risen consistently for 20 years. What was it worth in December 1998?
(1) In December 1994, the stock was valued at $49.
(2) During the bull market from 1994 to 1999, the stock increased in value by 10% each year.

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Awaiting response,

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Chandra

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 [#permalink] New post 21 Jul 2004, 08:58
Let some more ppl comment on this qus...
Will definitely post OA
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 [#permalink] New post 21 Jul 2004, 09:35
I'm going to go with the obvious answer here and pick

C

although I do understand what the last post is saying.... in which case it would be E
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Re: DS [#permalink] New post 21 Jul 2004, 10:34
jpv wrote:
The share price of AMCO has risen consistently for 20 years. What was it worth in December 1998?
(1) In December 1994, the stock was valued at $49.
(2) During the bull market from 1994 to 1999, the stock increased in value by 10% each year.


25 seconds C
A is insuff
B is insuff
if we know that in Dec 94' the value was $49, and that the stock increased by 10% each year, we can figure out teh price in Dec 98.

OA?
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 [#permalink] New post 21 Jul 2004, 11:17
Lastochka
I can clearly see 2 assumptions in your answer.

1) We have not been given whether it is an compounded increase or simple increase.
2) mentioned by "mallelac".

Will you still opt for (C)?
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 [#permalink] New post 21 Jul 2004, 11:23
Am joining Mallelac's party!!

Clearly its E...The catch here is December...we cannot say for sure that we can find it for Dec 98.

Karthik
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 [#permalink] New post 21 Jul 2004, 12:26
jpv wrote:
Lastochka
I can clearly see 2 assumptions in your answer.

1) We have not been given whether it is an compounded increase or simple increase.
2) mentioned by "mallelac".

Will you still opt for (C)?


Regarding your fist point, i think you're reading too much into a problem by considering that it could be either compounded or simple increases

As far as what Mallelac mentioned, he could very well be right and in that case I would've missed this question.

Not to be impatient or anything, but what's the OA?
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 [#permalink] New post 21 Jul 2004, 13:32
i'm putting in my vote for C. If it increased 10% each year, and started at 49 at the end of 94, then it's increase each year until the end of 98. Seems like the safest bet to me.
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 [#permalink] New post 22 Jul 2004, 03:37
well, OA is (C)..
But still I dont agree with the answer.
  [#permalink] 22 Jul 2004, 03:37
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