What interest rate did she obtain on her investment

Assignment Help Business Economics

Reference no: EM131424698

A woman made 10 annual end-of-year purchases of $1000 worth of common stock. The stock paid no dividends. Then for 4 years she held the stock. At the end of the 4 years she sold all the stock for $28,000. What interest rate did she obtain on her investment?

Reference no: EM131424698

Questions Cloud

Tax expenditures and conventional expenditures : In each of the following, give an example of tax expenditures and conventional expenditures. Explain how the same results could be obtained by converting the tax expenditure into a conventional expenditure.. Medicine, housing, education.

Putting wine on horizontal axis and cheese on vertical axis : Suppose that a country produces wine (W) and cheese (C) using its supply of 400 hours of labor (labor hours) and 600 acres of land (acres) (T). Putting wine on the horizontal axis and cheese on the vertical axis, graph the production possibility fron..

Define and graph your budget set in terms of leisure : You are willing to work up to 80 hours a week. You make $10(B + 1) an hour, B=9. Define and graph your budget set in terms of leisure (equal to non–worked hours)-Good 1- and ”money spent on every other good” -Good 2-.

Utility function from yards of blue and red : Suppose you have a $20 gift card and want to buy Blue and Red yarn. The utility function from yards of blue (B) and red (R) yarn can be expressed as follows: U(B,R) = 3B+R there is a sale on red yarn, and that it currently costs $1 per yard. blue yar..

What interest rate did she obtain on her investment : A woman made 10 annual end-of-year purchases of $1000 worth of common stock. The stock paid no dividends. Then for 4 years she held the stock. At the end of the 4 years she sold all the stock for $28,000. What interest rate did she obtain on her inve..

Possible demand curves and identify possible equilibria : Assume there are two countries, Home and Foreign. Home has 1000 labor hours available. It can produce two goods, apples and bananas. The unit labor requirement in apple production is 2, while in banana production is 4. Construct the world relative su..

Calculate the elasticity of supply for snake oil : Consider two markets. The initial equilibrium for both markets is the same, P = $4.50, and Q = 27.0. When the price is $7.75, the quantity supplied of cat food is 61.0 and the quantity supplied of snake oil is 109.00. The demand for both goods is the..

Equivalent amount of money that can be spent seven years : The equivalent amount of money that can be spent seven years from now in lieu of spending $50,000 now at an interest rate 18% per year is closest to. At an interest rate of 8% per year, the present worth in year 0 of a lease that requires a payment o..

Identify the effect of attending a for-profit college : Name a potential problem that could lead to biased results if you were to identify the effect of attending a for-profit college by comparing the wages of students who attended public and for-profit colleges.

User Account

All Pages