The Compound Illusion - Quant Trader Interview Question
Difficulty: Easy
Category: Mental Math & Estimation
Practice quant interview questions from top firms including Jane Street, Citadel, Two Sigma, DE Shaw, and other leading quantitative finance companies.
Topics: mental-math, percentage-change, compound-interest
Problem Description
A stock opens at a price of 100 dollars. It experiences a volatile trading day, first increasing by 10% and then decreasing by 10% from its new high. What is the net percentage change in the stock price from the beginning to the end of the day?
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