Question

PLEASE HELP! 20 POINTS!!

Answer 1

Answer:

The share price increased by $40

Step-by-step explanation:

In the first year: (t = 1)

=> V = $2.95 +2log10(10(1)+1)$

=> $V = 2.95 + 2 (10+1)\\V = 2.95+2(11)$

=> $V = 2.95+22$

=> V = $ 24.95

In the 3rd Year: (t = 3)

=> $V = 2.95 + 2log10(10(3)+1)$

=> $V = 2.95+ 2(30+1)$

=> $V = 2.95+2(31)$

=> V = 2.95 + 62

=> V = $64.95

The Share Price increased by:

=> $64.95-$24.95

=> $40

The share price increased by $40