After her first finance class in WBS, Samantha started a Twitter campaign to convince Elon Musk to let her buy one of his shares in SpaceX (which is currently traded privately). She succeeded and managed to buy one share at a price of $169. She expects to sell this share at a price of $250 when she graduates 3 years from now. What is the internal rate of return of this investment? (Calculate it in annual terms and to the closest integer).
After her first finance class in WBS, Samantha started a Twitter campaign to convince Elon Musk to let her buy one of his shares in SpaceX (which is currently traded privately). She succeeded and managed to buy one share at a price of $169. She expects to sell this share at a price of $250 when she graduates 3 years from now. What is the internal rate of return of this investment? (Calculate it in annual terms and to the closest integer).
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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After her first finance class in WBS, Samantha started a Twitter campaign to convince Elon Musk to let her buy one of his shares in SpaceX (which is currently traded privately). She succeeded and managed to buy one share at a price of $169. She expects to sell this share at a price of $250 when she graduates 3 years from now. What is the
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