FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Your grandfather invested $1,000 in a stock 45 years ago. Currently the value of his account is $314,000. What is his geometric return over this

image text in transcribed

Your grandfather invested $1,000 in a stock 45 years ago. Currently the value of his account is $314,000. What is his geometric return over this period? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)

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

Venture Capital Valuation

Venture Capital Valuation

Authors: Lorenzo Carver

1st Edition

0470908289, 978-0470908280

More Books

Students also viewed these Finance questions

Question

★★★★★
A woodpecker exerts a 230-N force on a tree trunk during its effort to find hidden insects to eat. If its head has an effective mass of 0.025 kg, what is the acceleration of its head away from the...

Answered: 1 week ago

Question

★★★★★
The visual cliff experiments suggest that infants have not yet developed depth perception. crawling human infants and very young animals perceive depth. we have no way of knowing whether infants can...

Answered: 1 week ago

Question

★★★★★
Consider the use of partnerships with customers to improve competitiveness. Discuss this within a group scenario using the following guidelines: a Make a list of companies in your chosen companys...

Answered: 1 week ago

Question

★★★★★
Two companies manufacture a rubber material intended for use in an automotive application. The part will be subjected to abrasive wear in the field application, so we decide to compare the material...

Answered: 1 week ago

Question

★★★★★
Problem 16-18 Hedging Employee Stock Options (LO4, CFA3) Suppose you hold LLL employee stock options representing options to buy 10,000 shares of LLL stock. LLL accountants estimated the value of...

Answered: 1 week ago

Question

★★★★★
A firm is considering a project that will produce cash inflows of $36,000 in year one, $54,800 in year two, and $72,900 in year three. What is the present value of these cash inflows if the company...

Answered: 1 week ago

Question

★★★★★
The workplace practice of referring to your boss by his or her first name describes which of the following cultural characteristics? Collectivism Long-term orientation Individualism Low power...

Answered: 1 week ago

Question

★★★★★
To develop the agile capability for an organization s supply chain, they must start from within. Often centralized operations need to be decentralized to cut bureaucracy to respond to local...

Answered: 1 week ago

Question

★★★★★
Question 4. Fashion Extended bought some inventory from Calvin Klein in 2020 for $540,000 on credit terms and paid for the inventory in 2021. In 2021 Fashion Extended sold $315,200 of the inventory...

Answered: 1 week ago

Question

★★★★★
.80 80 Create the part shown in the orthographic multi-view drawing. Verify that you have the mass correct, then input the SURFACE AREA below. Units: IPS Part Origin: Arbitrary Material: ABS Mass:...

Answered: 1 week ago

Question

★★★★★
Keiras Kar Company purchases a Machine and incurs the following costs: Purchase Price $250,000 Sales Tax $5,000 Installation Cost $1,500 Electricity Costs for the Year $2,000 Deliver Costs $500...

Answered: 1 week ago

Question

★★★★★
2. Read up on the history of some influential but now defunct music group (such as the Beatles, Nirvana, or Public Enemy). Did the group go through all the stages of group development outlined in...

Answered: 1 week ago

Question

★★★★★
Evaluating Group Performance?

Answered: 1 week ago

Question

★★★★★
6. The Challenger disaster is a classic example of groupthink. Run an Internet search on groupthink, and find other historical examples. Have any of these occurred in your lifetime? How are they...

Answered: 1 week ago

Previous Question Next Question