Question
suppose that the value of an investment in the stock market has increased at an average compound rate of about 5% since 1900. It is
suppose that the value of an investment in the stock market has increased at an average compound rate of about 5% since 1900. It is now 2019. If your grandfather invested $1,000 in 1900, how much would that investment be worth today? If an investment in 1900 has grown to $1 million, how much was invested in 1900?
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Fundamentals of Corporate Finance
Authors: Richard Brealey, Stewart Myers, Alan Marcus
9th edition
1259722619, 978-1260049190, 1260049191, 978-1259722615
