You purchase a stock for $20 and expect its price to grow annually at a rate of 7 percent. Use Appendix A to answer the questions. Round your answers to the nearest cent What prices are you expecting after six years? 5 b. If the rate of increase in the price doubled from 7 percent to 14 percent would that double the increase in the price? Doubting the growth rate Select the price appreciation. The increase in the price at 7% iss and at 14965