On January 1st 2003, the value of a stock was $135 per share. By December 1st 2003, the value of the stock had fallen to $38 per share. What is the average rate of change in the value of the stock in dollars per month?

Question

anonymous · Answer

135-38/(12)

-$8.08

anonymous · Answer

$8 per month

anonymous · Answer

although if you say that is has not been a full year but only 11 months the average is $9

anonymous · Answer

12 months is till January 1st 2004 11 months is December 1st