How much will betty stock be worth

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Reference no: EM132019321

Betty Johnson will get annual returns of 13.0%, -8.0%, -9.5%, 5.0%, and 7.4% in the next five years on her investment in Rockport, Inc. stock, which she purchases for $42,000 today. (Assume NO dividends during the 5 years and all annual returns are associated with the stock price/value) How much will Betty’s stock be worth if she sells it five years from today? Hint: your Rate of Return formula can be rewritten to solve for Ending Price like this Ending Price = Beginning Price x (1+ROR)...(round your answer to nearest $1 and enter answer like this $42,928)

Reference no: EM132019321

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