Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Using your stocks average return as the compounding rate, use TVM to determine how long it will take your stock to double in value. Use

Using your stocks average return as the compounding rate, use TVM to determine how long it will take your stock to double in value. Use your stocks current market value as your PV and make sure your FV is double that amount. Solve for the number of years/periods (N).

Target Stock's Average Return:

The average annual return is 37.04%

Average monthly return is 2.66%

Stock's Current Market Value (PV): 243.84

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

The International Handbook Of Public Financial Management

Authors: Richard Allen, Richard Hemming, B. Potter

1st Edition

1137574895, 978-1137574893

More Books

Students also viewed these Finance questions

Question

9. Describe the characteristics of power.

Answered: 1 week ago

Question

10. Describe the relationship between communication and power.

Answered: 1 week ago