explain 33 please

32. The common stock of Clinton Kneepads behaves rather strangely (as does its owner). It is u 3% one day, and down 3% the next, without fail. What is the stock price after 200 days of such activity? Assume it starts out at $20.oofer. 0571.972 A. $18.28 b. $19.50 c. $21.50 d. $15.57 e. none of the above = 18.28. 20 (1+34) 60X(1-3%) ' 0 The annual subscription to a health magazine is currently $50, and is expected to increase by 6% per year forever. A life subscription is $410, payable today, and the discount rate is 10%. In order to justify your subscription, approximately how many more years must you live? a. 5 years B. 10 years c. 15 years d. 17 years e. 20 years pv 34. In September 1626, Peter Minuit purchased Manhattan Island for the equivalent of $24. Today, the island and real estate affixed thereto are worth $3 trillion. What annually compounded rate of return is implied by these numbers? FV a. 5.17% FU=2xx (Iti 393 b. 5.43% c. 5.87% d. 6.45% E. 6.90% 35. You fold a piece of paper, originally .004 inches thick, in half forty times. How high (theoretically) is this paper after such an exercise? There are 12 inches to a foot, and 5,280 feet to a mile, and 3.26 light years in a parsec (= 19.2 trillion miles). a. 0.24 inches 0.04x2 - 69413 b. 3.72 feet c. 9.87 yards