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As part of the management recruitment process, the board of Google, Inc. (symbol: GOOG) has asked you to make a presentation to the firms shareholders

As part of the management recruitment process, the board of Google, Inc. (symbol: GOOG) has asked you to make a presentation to the firms shareholders on the performance of Google stock in November 2018.

a) Please find the closing prices of Google stock on the last trading days of November 2018 and October 2018 (i.e., the closing prices of Google on November 30, 2018, and October 31, 2018, respectively).2 What is the rate of return of Google for the month of November 2018?

b) If Google continues to deliver the rate of monthly return you found in (a), how many months will it take since November 2018 for the stock price to reach $2,000? Assume that you start with the closing price on November 2018 and that your returns are compounded monthly.

c) Convinced by the growth potential of the firm, you bought 50 shares of Google at the closing price on November 30, 2018, as part of your savings plan. You are planning to sell your shares in exactly two years from the time of purchase. You also plan to use all proceeds (i.e., the total amount received from selling your shares) for a down payment on a new home in the city where you will move after graduating from UM. Assuming that Google will continue to generate the same monthly return as in (a) and that your down payment will be 20% of the home price, what is the price of the home that you will be able to afford after you sell your shares?

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