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# Return on a Stock George is contemplating the purchase of 100 shares of a stock selling

ISBN: 9780470876398 408

## Solution for problem 61 Chapter 6.2

Finite Mathematics, Binder Ready Version: An Applied Approach | 11th Edition

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Finite Mathematics, Binder Ready Version: An Applied Approach | 11th Edition

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Problem 61

Return on a Stock George is contemplating 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 will the 100 shares of stock be worth in 5 years?

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##### ISBN: 9780470876398

Since the solution to 61 from 6.2 chapter was answered, more than 220 students have viewed the full step-by-step answer. The answer to “Return on a Stock George is contemplating 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 will the 100 shares of stock be worth in 5 years?” is broken down into a number of easy to follow steps, and 56 words. The full step-by-step solution to problem: 61 from chapter: 6.2 was answered by , our top Math solution expert on 03/14/18, 05:05PM. This full solution covers the following key subjects: . This expansive textbook survival guide covers 63 chapters, and 2952 solutions. This textbook survival guide was created for the textbook: Finite Mathematics, Binder Ready Version: An Applied Approach, edition: 11. Finite Mathematics, Binder Ready Version: An Applied Approach was written by and is associated to the ISBN: 9780470876398.

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