The correct option is D. The initial value of the stock is $575 and it doubles every 8 years, this means that, in the next eight year the value of the stock will be 2 * 575 = $1150. This amount too will double in the next eight year and the value will become 2* 1150 = $2,300. Therefore, in 16 years time the share will be worth $2,300.00.
