the stock price of xyz inc. has suffered a decline of 18% in the last 6 months. Financial Analysts believe that the shares will bounce back and gain 5% in the next 3 months. this gain will bring the share value to $700. What was the approximate price of the stock 6 months ago?  Choose the correct choice from the following choices:
A) 706
B) 750
C) 760
D) 900
E) 813
-18+5-(18*5)/100=-13.9% net decrease   let initial price be Y   Y(1-13.9/100)=700   Y=700/0.861 = ~813   Ans is 813)
<result>E</result>
the stock price of xyz inc. has suffered a decline of 18% in the last 6 months. Financial Analysts believe that the shares will bounce back and gain 5% in the next 3 months. this gain will bring the share value to $700. What was the approximate price of the stock 6 months ago?