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You are considering buying 300 shares of Microsoft (MSFT) on the day that you are solving this assignment problem. Your intention is to keep the
You are considering buying 300 shares of Microsoft (MSFT) on the day that you are solving this assignment problem. Your intention is to keep the stock until it doubles in value. If you expect 10% annual growth for MSFT, how many years do you anticipate holding onto the stock? When showing the solution to the problem, in addition to an answer to the preceding question, indicate the: (a) share price (b) date and time at which you found this price (c) source of the share price (e.g., Google Finance or NASDAQ) (d) month and year when you expect that the value will double (e) amount you expect to obtain at the time shown in part (d)
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