You invest $1,050.00, buying stock in a company at $10.00/share. the shares increase in value by 13% the first year and decrease by 5% the second year. how much is the total value of your stocks in the second year? (remember to round the per-share price to the nearest penny before completing any other computations.)

$

Step-by-step explanation:

The current price of a unit share is $ and the total amount invested is $

Total number of shares purchased

In the first year, the share increased by 13%, thus the value of a unit share after first year is

$ % of $)

$

In the second year, the share decreased by 5%, thus the value of a unit share after second year is

$ % of $)

≈$

Thus the total value of shares after 2 years is

$