Answer:
The stock is now worth of $30.024.
Step-by-step explanation:
Here, the price of the stock last year =$36
The percentage down in the price of stock in a year = 16.6 %
Now, 16.6% of the value of stock $36 = [tex]\frac{16.6}{100} \times 36= 5.976[/tex]
⇒16.6% of $36 = $ 5.976
Now, the Current Worth of Stock = Stock Value last year - Decrease in the stock price
= $36 - $ 5.976 = $30.024
Hence, the stock is now worth of $30.024.
