A conglomerate corporation develops, manufactures, and markets a wide range of products, including medical diagnostic imaging devices, jet engines, lighting products, and chemicals. In 2013, the stock price rose 33.55%, and in 2014, the stock price declined 9.2%. If one purchased $1,000 of some social media stock at the start of 2013, its value would be $2,926.83 at the end of 2014. Complete parts (a) through (c) below. a. Compute the geometric mean rate of return per year of the two-year period 2013-2014. (Hint: Denote an increase of 33.55% as R₁ =0.3355). % per year. The geometric mean rate of return is (Round to two decimal places as need.) b. If you purchased $1,000 of this conglomerate corporation's stock at the start of 2013, what was its value at the end of 2014? The value of this stock at the end of 2014 was $ (Round to the nearest cent as needed.) mpare the result of (b) to the value of the $1,000 of the social media se the correct answer below and fill in the answer box to nice. sted in the conglomerate nt as needed.)
A conglomerate corporation develops, manufactures, and markets a wide range of products, including medical diagnostic imaging devices, jet engines, lighting products, and chemicals. In 2013, the stock price rose 33.55%, and in 2014, the stock price declined 9.2%. If one purchased $1,000 of some social media stock at the start of 2013, its value would be $2,926.83 at the end of 2014. Complete parts (a) through (c) below. a. Compute the geometric mean rate of return per year of the two-year period 2013-2014. (Hint: Denote an increase of 33.55% as R₁ =0.3355). % per year. The geometric mean rate of return is (Round to two decimal places as need.) b. If you purchased $1,000 of this conglomerate corporation's stock at the start of 2013, what was its value at the end of 2014? The value of this stock at the end of 2014 was $ (Round to the nearest cent as needed.) mpare the result of (b) to the value of the $1,000 of the social media se the correct answer below and fill in the answer box to nice. sted in the conglomerate nt as needed.)
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Transcribed Image Text:(Round to the nearest cent as needed.)
c. Compare the result of (b) to the value of the $1,000 of the social media
stock, Choose the correct answer below and fill in the answer box to
complete your choice.
(Round to the nearest cent as needed
OA. The value of the $1,000 invested in the conglomerate
corporation's stock in 2014 was greater than that of the value of
the $1,000 invested in the social media stock. The conglomerate
corporation's stock would earn $ more than the social media's
stock.
OB. The value of the $1,000 invested in the conglomerate
corporation's stock in 2014 was less than that of the value of the
$1,000 invested in the social media stock. The social media stock
would earn $ more than the conglomerate corporation's stock
Transcribed Image Text:A conglomerate corporation develops, manufactures, and markets a wide
range of products, including medical diagnostic imaging devices, jet engines,
lighting products, and chemicals. In 2013, the stock price rose 33.55%, and in
2014, the stock price declined 9.2%. If one purchased $1,000 of some social
media stock at the start of 2013, its value would be $2,926.83 at the end of
2014. Complete parts (a) through (c) below.
a. Compute the geometric mean rate of return per year of the two-year
period 2013-2014. (Hint: Denote an increase of 33.55% as R₁ = 0.3355).
% per year.
The geometric mean rate of return is
(Round to two decimal places as need.)
b. If you purchased $1,000 of this conglomerate corporation's stock at the
start of 2013, what was its value at the end of 2014?
The value of this stock at the end of 2014 was $
(Round to the nearest cent as needed.)
c. Compare the result of (b) to the value of the $1,000 of the social media
stock. Choose the correct answer below and fill in the answer box to
complete your choice.
(Round to the nearest cent as needed.)
A. The value of the $1,000 invested in the conglomerate
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