Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

urgent! You purchased 45 shares in Macrohard Computers in 1999 for $4.79 /share. Today you want to sell them for $33.33 /share and invest the

urgent!
image text in transcribed
You purchased 45 shares in Macrohard Computers in 1999 for $4.79 /share. Today you want to sell them for $33.33 /share and invest the entice amount in Canada Savings bonds, which you teel are less risky. Canada Savings Compound intereast Bonds are currently issued enrming 743% interest, compounded annually. What is the roturn on investment, FO1, on the Macrohard shares and what will the maturity value for the Canada Savinas bond be if it matures in 7 yearn? Fot is 596% and the MV is $2,529.12 AOI is 5.96% and the MV is $3,066.84 ROI is 596% and the MV is $3,060.70 ROI is 5.96% and the MVis $2,712.46

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Mastering Islamic Finance

Authors: Faizal Karbani

1st Edition

1292001445, 978-1292001449

More Books

Students also viewed these Finance questions