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Jeremy Siegel's books, The Future for Investors and Stocks for the Long Run illustrate some long-term data on returns in both the stock and the

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Jeremy Siegel's books, "The Future for Investors" and "Stocks for the Long Run" illustrate some long-term data on returns in both the stock and the bond market. Siegel tells us that, over the period from 1802 - 2005, the long run average real return in the US equity market is 6.8% and it is 3.5% in the bond market. Based on Siegel's data, answer the following three questions. If a relative invested $700 in the equity market in 1802 and allowed it to grow at 6.8% for the next 230 years, how much would the investment be worth in 2032? Multiple Choice $2,609,072,572 $2,152,247,542 $2,650,695,857 $2,524,457,255

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