Sam purchased Walsh stocks at $200 per share three month ago and did not receive any dividends so far. If his target is to earn a 20% APR on the investments, at what stock price could he sell the stock now? (Hint: what is the HPR for 3 months?)
Sam purchased Walsh stocks at $200 per share three month ago and did not receive any dividends so far. If his target is to earn a 20% APR on the investments, at what stock price could he sell the stock now? (Hint: what is the HPR for 3 months?)
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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Sam purchased Walsh stocks at $200 per share three month ago and did not receive any
dividends so far. If his target is to earn a 20% APR on the investments, at what stock price could
he sell the stock now? (Hint: what is the HPR for 3 months?)
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