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OpenStudy (anonymous):
A company overvalues its shares by 25 percent. If the quoted price of a share is $300, what is the true and fair price of the share?
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OpenStudy (mathstudent55):
The value of a share is 100%. If the company overvalues a share by 25%, that means the overvalued amount is 100% + 25% = 125% of the real value. 125% of x = $300 or 1.25x = 300 Solve for x.
OpenStudy (anonymous):
thank you so much!
OpenStudy (mathstudent55):
wlcm
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