Question
The first Super Bowl was played in 1967. The cost for a 30-second commercial was $42,000. The cost of a 30-second commercial for Super Bowl
The first Super Bowl was played in 1967. The cost for a 30-second commercial was $42,000. The cost of a 30-second commercial for Super Bowl 49 was played on February 4, 2015, in Minneapolis, Minnesota, was$4.4 million. What was the geometric mean rate of increase for the 49-year period? (Round your answer to 2 decimal places.)
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
18th Edition
126409762X, 9781264097623
