In order to find the new value, we use the formula
[tex]NP=OP\ast(1\pm\%)[/tex]Then, start by finding the new price after the stock decreases by 3%
[tex]\begin{gathered} NP=3500\ast(1-0.03) \\ NP=3500\ast0.97 \\ NP=\text{ \$}3395 \end{gathered}[/tex]Finally, rise the new price using the same formula
[tex]\begin{gathered} NP=3395\ast(1+0.08) \\ NP=\text{ \$}3666.60 \end{gathered}[/tex]Answer:
The new value is $3666.60
