Return on a Stock George contemplates the purchase of 100
Chapter 6, Problem 47(choose chapter or problem)
Return on a Stock George contemplates the purchase of 100 shares of a stock selling for $15 per share. The stock pays no dividends. The history of the stock indicates that it should grow at an annual rate of 15% per year.How much should the 100 shares of stock be worth in 5 years?
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