Your company has an employee cooperative. As an engineer working for 5 years now, you already have 40 shares of thecooperative stock. A year ago, each share was worth P 200. The company then offered to buy your shares for P 4,200. Atwhat interest rate would the company's offer be equivalent to the worth of the stock last year?

40 SHARES X 200 EACH = 8000 Buyback = 40 x 4,200 = 168,000

Answered: ed to buy your shares for P 4,200. A

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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