Question
P5-4 Solving for Rates You invested $2,000 in the stock market one year ago. Today, the investment is valued at $3,000. A) What return did
P5-4Solving for RatesYou invested $2,000 in the stock market one year ago. Today, the investment is valued at $3,000. A) What return did you earn?
FVN= PV (1 + i)N
B) What return would you need to get next year to breakeven in dollars overall (assume annual compounding)?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
11th edition
324422870, 324422873, 978-0324302691
