Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 16, 2024

Bobby invested $ 5 , 5 6 7 in a certain stock 8 years ago. If he sells his shares today, his rate of return

Bobby invested $

5, 567

in a certain stock

8

years ago. If he sells his shares today, his rate of return would be

9.5 % .

How much money would he earn if he sells his shares today?

Round your answer to the nearest dollar.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Healthcare Finance An Introduction To Accounting And Financial Management

Authors: Louis Gapenski PhD

3rd Edition

1567932320, 978-1567932324

More Books

Students also viewed these Finance questions

Question

★★★★★

Discuss how reference types and object identity can be used.

Answered: 1 week ago

Question

★★★★★

What mass of water forms when oxygen gas in the container below, where each red molecule represents 0.10 of a mole, reacts with hydrogen gas in the other container, where each white molecule...

Answered: 1 week ago

Question

★★★★★

give a definition of quantitative job demands;

Answered: 1 week ago

Question

★★★★★

In October, Keane Company reports 21,000 actual direct labor hours, and it incurs $115,000 of manufacturing overhead costs. Standard hours allowed for the work done is 20,000 hours. The predetermined...

Answered: 1 week ago

Question

★★★★★

Your father is 50 years old and will retire in 10 years. He expects to live for 25 years after he retires, until he is 85. He wants a fixed retirement income that has the same purchasing power at the...

Answered: 1 week ago

Question

★★★★★

Maria Gomez owns and manages a consulting firm called Accel, which began operations on December 1. She asks us to assist her with some financial reporting questions. On December 31, we are provided...

Answered: 1 week ago

Question

★★★★★

I need help on step 14 of the Hands on Project where ot asks to explain the importance of the examined files and how the affect a patent case. This is in the book titled "Guide to computer forensics...

Answered: 1 week ago

Question

★★★★★

( 1 5 p ) A pizza restaurant is planning for a 7 - hour night delivery service. At night it gets requests for pizza deliveries every 3 0 minutes, and it estimates that on average a delivery can take...

Answered: 1 week ago

Question

★★★★★

Compose an essay describing the pros/cons of three well designed Linux live CDs for digital forensics. Provide at least one peer-reviewed journal article.

Answered: 1 week ago

Question

★★★★★

Attached you will find a case study. Using the knowledge, you gained by working through the Competency 1 material you will read the case study and write an essay whose body is from three to five...

Answered: 1 week ago

Question

★★★★★

Give some ways to enhance manufacturing process of tony's toy trucks. Tony's Toy Trucks Order and Production Process Process Key Decision Process System Start/End Corporate ERP System Submit Purchase...

Answered: 1 week ago

Question

★★★★★

Overview In this discussion, we will consider the implications of the COVID-19 pandemic on the global economy and global trade now and in the future. Although the world has mostly reopened, the...

Answered: 1 week ago

Question

★★★★★

Identify and describe basic workplace competencies

Answered: 1 week ago

Question

★★★★★

Describe the steps involved in coaching to improve poor performance

Answered: 1 week ago

Question

★★★★★

Describe the realistic job preview approach to recruiting, and explain how it can benefit organizations and new employees

Answered: 1 week ago

Previous Question Next Question