ON MAY 22, 2010, A FLORIDA MAN LASZLO HANYECZ, NOW KNOWN AS BITCOIN PIZZA GUY, OFFERED TO PAY 10,000 BITCOINS TO ANYONE WHO CAN ARRANGE FOR FOOD DELIVERED TO HIM. A BRITISH MAN TOOK THE OFFER AND PAID $25 FOR A BOX OF PAPA JOHN'S PIZZAS DELIVERED TO HANYECZ IN EXCHANGE OF THE 10,000 BITCOINS. ON MAY 22, 2023, A SINGLE BITCOIN'S MARKET VALUE WAS AROUND $27,225.73. IF THE BRITISH GUY HELD ON TO HIS 10,000 BITCOINS FROM 2010 TO 2023, WHAT HAS BEEN HIS ANNUAL RETURN (IN %)?

ON MAY 22, 2010, A FLORIDA MAN LASZLO HANYECZ, NOW KNOWN AS BITCOIN PIZZA GUY, OFFERED TO PAY 10,000 BITCOINS TO ANYONE WHO CAN ARRANGE FOR FOOD DELIVERED TO HIM. A BRITISH MAN TOOK THE OFFER AND PAID $25 FOR A BOX OF PAPA JOHN'S PIZZAS DELIVERED TO HANYECZ IN EXCHANGE OF THE 10,000 BITCOINS. ON MAY 22, 2023, A SINGLE BITCOIN'S MARKET VALUE WAS AROUND $27,225.73. IF THE BRITISH GUY HELD ON TO HIS 10,000 BITCOINS FROM 2010 TO 2023, WHAT HAS BEEN HIS ANNUAL RETURN (IN %)?

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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You recently received the following e-mail from a client and friend: Hey Friend! I cannot believe it is almost year end! Only a few days before it’s 2020. As you recall, I was lucky enough to win big at the casino back on New Year’s Day earlier this year (thanks for celebrating with me). I took the $3,000 I won and bought 100 shares of stock in that cool new smartphone app company, TriviaAddiction. I just love playing that game. Anyway, the stock has done well, and I am thinking of selling before year end now that the price has reached $240 per share. Since you are my tax adviser, I thought I’d ask a couple of questions: Is there any reason to wait and sell later? If I don’t sell, the price might go down (TriviaMaster seems to be replacing TriviaAddiction as the “hot” new game). I’m thinking the price might be as low as $220 by early next year. My taxable income this year and next year is expected to be $38,500 (not including the stock sale). I think that puts me in the 12% tax…
Lola is currently opening a series of restaurants around Coventry. She needs to raise £2million pounds from new investors. She decides to raise it in the following way. She issues a contract for the new investors promising a fixed amount of £2.5 million pounds next year if they invest now. If Lola does not pay the promised amount, investors would take over the restaurants. If she pays then Lola will keep full ownership. This contract is an example of: (a) A bank loan. (b) A corporate bond. (c) Private equity. (d) An Initial public offering. (e) A rights issue.
Pleaseeee help me with the problem formula
Please answer with explanation. I will really upvote. Thanks
Suppose you have been hired by President Emmanuel Macron of France as an economic policy consultant. In order to finance an increase in unemployment benefits, the French government needs to raise €10 billion in additional tax revenue. President Macron is considering two policies to achieve this goal: a new tax on gasoline or a new tax on bequests (money left to your children or other heirs). Which of these two policies would be the most economically efficient? Why? Explain why the policy you recommended in a.) might be politically unpopular. Dismayed by your assessment, President Macron proposes a third alternative: a broad decrease in current taxes. Explain why this could increase tax revenue for the French government, but it is unlikely to work in practice.
(Related to Checkpoint 5.6) (Solving for) Kirk Van Houten, who has been married for 22 years, would like to buy his wife an expensive diamond ring with a platinum setting on their 30-year wedding anniversary. Assume that the cost of the ring will be $12,000 in 8 years. Kirk currently has $4,487 to invest. What annual rate of return must Kirk earn on his investment to accumulate enough money to pay for the ring? The annual rate of return Kirk must earn on his investment to accumulate enough money to pay for the ring is (Round to two decimal places.) ||| < %.
A friend told you that she was scrolling through her Twitter feed and found out that three days ago, Hertz Corporation (rental car company) ordered 100,000 Tesla cars to build out its rental fleet of electric vehicles. The cars will be delivered to Hertz throughout 2022 and Hertz will rent them to travelers. Aside from the revenue from the Hertz sale, Tesla likes the deal since more people will be exposed to the Tesla brand. They think this could boost future sales. Your friend said that this was her lucky day since she can buy Tesla stock and make some easy money when the stock price rises due to the increased sales of the cars. What do you think of this situation and to the extent you are being asked for free advice what do you tell her?
could u solve this for me?
Congratulations!! On a trip to Florida, you have just won the US MegaLottery! Lottery officials offer you the choice of 2 alternative payouts: either $1 million today, or $2 million 6 years from now. Which payout will you choose if the relevant discount rate is 0%? 10%? 20%? Ignore taxes.

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