$37.84
So we know that we need to see what to multiply $40.47 by to find the price of the stock from the beginning.
First, we need to subtract 100% by the percentage of gain.
100% - 6.5% = 93.5%
Next, we need to divide 93.5% by 100.
93.5% ÷ 100 = 0.935
Lastly, we multiply $40.47 by 0.935 and round it to the nearest hundredth.
40.47 × 0.935 = 37.83945 --> 37.84
Fianl result: $37.84
