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Liono4ka [1.6K]
4 years ago
5

This problem has been solved! See the answer In September of 1998, your father purchased a Michael Jordan basketball card for $0

.70. At present, the card is a collector’s item that would fetch $1,900 if sold. If your father were to sell this card now, in September of 2020, what would be the annualized percentage return on his investment?
Business
1 answer:
Elina [12.6K]4 years ago
5 0

Answer:

43.24%

Explanation:

The computation of annualized percentage return on his investment is shown below:-

Future value = Present value × (1 + rate of interest ÷ 100)^time period

$1,900 = $0.70 × (1 + r ÷ 100)^22

(1900 ÷ 0.7)^(1 ÷ 22) = (1 + r ÷ 100)

(1 + r ÷ 100) = 1.4324

r = 1.4324 - 1

= 43.24%

we simply applied the above formula.

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Suppose you know a company's stock currently sells for $90 per share and the required return on the stock is 8 percent. You also
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Answer: $3.46

Explanation:

Given the following :

Current share price (P0) = $90 per share

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8 0
4 years ago
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D. Zeta prevails, but only if the assignment is signed and in writing

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This is the best option in this case .

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