To find out the current price of the stock, we can calculate the total return by adding it to the original price. The formula for calculating the total return is:
Total return = Original price + (Original price * Return rate)
In this case, the original price is $100 and the return rate is 10%, so:
Total return = 100 + (100 * 0.10)
Total return = 100 + 10
Total return = $110
Therefore, the stock must be selling for $110 today.
