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Vikki [24]
3 years ago
8

You sell a stock for $50.00 that was held for 10 years. You earned a return of 8%. What was the original cost of the stock?

Business
1 answer:
Irina18 [472]3 years ago
7 0

Answer:

Original cost of the stock = $23.16

Explanation:

Original cost of the stock = Selling price of stock / ( 1 + r )^n

Original cost of the stock = $50 / (1+8%)^10

Original cost of the stock = $50 / (1.08)^10

Original cost of the stock = $23.16

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ME Company has a debt-equity ratio of .57. Return on assets is 7.9 percent, and total equity is $620,000. a. What is the equity
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Answer:

8.06

Explanation

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  • Equity=620,000 in this question
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