After the recall of defective by Telvin inc 2 years ago, its share price has since lost 12%. However, after the launch of its new product 1 year ago its stock price has appreciated by 6%, bringing its share price to $25. What was its share price 2 years ago? Answers:
A) 28 B) 26.8 C) 56.6 D) 27.2 E) 25.7
-12+6-(12*6)/100=-6.72% net decrease   let initial price be Y   Y(1-6.72/100)=25   Y=25/0.9328 = ~26.8   Ans is 26.8)
<result>B</result>
After the recall of defective by Telvin inc 2 years ago, its share price has since lost 12%. However, after the launch of its new product 1 year ago its stock price has appreciated by 6%, bringing its share price to $25. What was its share price 2 years ago?