Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 19, 2024

Bobby invested $ 6 , 2 9 0 in a certain stock 9 years ago. If he sells his shares today, his rate of return

Bobby invested $

6, 290

in a certain stock

9

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

6.7 % .

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

Practical Financial Management

Authors: William R. Lasher

7th edition

128560721X, 9781133593669, 1133593682, 9781285607214, 978-1133593683

More Books

Students also viewed these Finance questions

Question

Please detailed answers and try to use the TI BA II PLUS as much as possible. Really need help. FIN 3000 Principles of Finance Practice for Final Exam Part B Spring 2017...

Answered: 1 week ago

Question

Hello. I'm looking for some help completing my finance project. (10% total course grade) There are quite a few questions. (40 total) I can check the answers one time before submitting. Hoping for...

Answered: 1 week ago

Question

An investment will pay $50 at the end of each of the next 3 years, $200 at the end of Year 4, $300 at the end of Year 5, and $500 at the end of Year 6. If other investments of equal risk earn 11%...

Answered: 1 week ago

Question

★★★★★

Determine whether or not it is possible to cold work brass so as to give a minimum Brinell hardness of 120 and at the same time have a ductility of at least 20%EL. Justify your decision.

Answered: 1 week ago

Question

★★★★★

The graph of f is shown. Evaluate each integral by interpreting it in terms of areas. (b) ) dx y=f(x) 6. 8.

Answered: 1 week ago

Question

★★★★★

The following items are from the assets section of WestJet Airlines Ltd.'s December 31, 2012, statement of financial position (in thousands): Accounts...

Answered: 1 week ago

Question

★★★★★

4. Promote the development of new knowledge and strategies when old strategies fall short. For example, if your goal is making an A and you dont reach that goal on your first quiz, you might try a...

Answered: 1 week ago

Question

★★★★★

Two mutually exclusive alternatives are being considered. Both have a 10-year useful life. If the MARR is 8%, which alternative is preferred? A Initial cost Uniform annual benefit $100.00 $50.00...

Answered: 1 week ago

Question

★★★★★

if your goal is to have $535,000 in 12 years, how much of quarterly payment should you make if your funds are going to earn 13% compounded Quarterly?

Answered: 1 week ago

Question

★★★★★

The following data are past 100 dayes trading history for Shanghai large 50 stocks ETF funds ( code is 510050). Please calculate daily volatility of the fund. (15pts). If you want to invest...

Answered: 1 week ago

Question

★★★★★

Decedent is a citizen of the Philippines and a resident of Quezon City, died leaving the following: Rest house in Batangas inherited from his father during marriage Car received as gift from his...

Answered: 1 week ago

Question

★★★★★

ion 16 of 21 > Identify whether each scenario is an example of a marginal cost, marginal benefit, or neither. Answer Bank a marginal cost. not marginal. a marginal benefit. Chipset, Inc. sells...

Answered: 1 week ago

Question

★★★★★

Choose 2-3 changes you would consider making to deal with some of the potential issues that might be leading to turnover. what key concepts you think apply, some potential solutions to the problem...

Answered: 1 week ago

Question

★★★★★

Activity 2-5: Clamping and Bending System A fabrication shop is planning to purchase a used pneumatic clamping and bending machine to help streamline pro- duction. Before the fabrication shop can...

Answered: 1 week ago

Question

★★★★★

Problem 9 Recall that in problem 6 Tanner takes two classes: economics from Prof. Olimov and survival skills from Prof. Pear Grylls. Tanner wants to get the best possible grades in these two classes....

Answered: 1 week ago

Question

★★★★★

========================== ========================= ============================= The receipt of cash in advance from a customer increases assets and stockholders' equity. increases assets and...

Answered: 1 week ago

Question

★★★★★

A number of years ago the United Food and Commercial Workers Union organized 800 workers of the 1035 employees at one of the Wilson Brothers food operations in Toronto, Ontario. The employees include...

Answered: 1 week ago

Question

★★★★★

=+a) Is there evidence that the percentage of people suffering heart disease is different in the two groups?

Answered: 1 week ago

Question

★★★★★

=+b) Give a 95% confidence interval for the difference in proportions.

Answered: 1 week ago

Question

★★★★★

=+b) If your conclusion proves to be wrong, did you make a Type I or Type II error? c) Give a 95% confidence interval for the difference in proportions of companies in which the CIO reports directly...

Answered: 1 week ago

Previous Question Next Question