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What price are you expecting after six years

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Reference no: EM133074183

Question - You purchase a stock for $15 and expect its price to grow annually at a rate of 6 percent.

a. What price are you expecting after six years?

b. If the rate of increase in the price doubled from 6 percent to 12 percent, would that double the increase in the price?

Reference no: EM133074183

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