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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Question
Digby sold 1128 units of Deft in the current year. Assuming that Deft maintains a constant market share, all the units of Deft are sold in the Nano market segment and the growth rate remains constant, how many years will it be before Deft will not be able to meet future demand unless the company adds production capacity? Exclude any existing inventory.
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