1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
yKpoI14uk [10]
3 years ago
14

Microsoft stock price peaked at 6118% of its IPO price more than 13 years after the IPO† Suppose that $15,000 invested in Micros

oft at its IPO price had been worth $900,000 (6000% of the IPO price) after exactly 13 years. What interest rate, compounded annually, does this represent?
Business
1 answer:
givi [52]3 years ago
3 0

Answer:

37% compounded annually

Explanation:

To find the answer we need to follow this formula:

P = I (1+ r)^{n}

Where:

  • P = Present value of the stock
  • I = Initial value of the stock
  • r = Interest rate
  • n = number of compounding periods

Now we plug the amounts into the formula:

900,000 = 150,000 (1 + r)^13

900,000 / 150,000 = (1 + r)^13

60 = (1 + r)^13

Ln60 = 13 Ln(1 + r)

4.09 / 13 =  Ln(1 +r)

0.31 = Ln(1 + r)

e0.31 = Ln(1 + r)

1.37 = 1 + r

1.37 - 1 = r

0.7 = r

Thus, the annual interest rate is 37%

You might be interested in
ne of the most common mistakes new business owners make is A. not establishing a good relationship with a financial institution.
SCORPION-xisa [38]
One of the most common mistakes new business owners make is C. setting unrealistic goals
As a new business owner, you have to determine your goal for your business which is achievable.
3 0
3 years ago
Read 2 more answers
On January 1 of this year, Ikuta Company issued a bond with a face value of $100,000 and a coupon rate of 5 percent. The bond ma
LuckyWell [14K]

Answer:

Sry iddk the answer sryyyyyy

7 0
3 years ago
Brittany has the right when her child is born to take one full year of leave with two-thirds of her pay, and there is substantia
Mrrafil [7]
It is likely that Brittany lives in SWEDEN, DENMARK OR NORWAY. These three countries have generous offers for pregnant women and new parents. Their system is generally flexible and new moms can decide to go for long periods with shorter pay or shorter periods with full pay depending on individual choice and their family circumstances.
3 0
2 years ago
The M-N plant manufactures two different products: M and N. Selling prices and weekly market demands are shown in the following
tamaranim1 [39]

The answers to the question are:

  • The machine that is the constraint is the machine c.
  • The product m = 80 units and n = 80 units
  • Net profit = $3600

<h3>1. How to solve for the constraint of the machine</h3>

We have to solve for the workload of the machines

For A. 20*100 = 2000

For B, 5 * 100 + 10 *80

= 500 + 800 = 1300

For Machine C = 15 * 100 + 15 * 80

= 1500 + 1200

= 2700

The time at the workstation in c is more than the constant time of 2400, hence the constraint that we have is machine c.

b. 2400- 1200 = 1200

The product mix would be 1200/15

= 80

Hence the product mix m = 80 units and that of n = 80 units

<h3>c. The total net profit</h3>

80*$90 = 7200 , 80 * 105 = 8400

7200 + 8400

= 15600

The net profit = 15600 - 12000

= $3600

Read more on net profit here:

brainly.com/question/15530787

#SPJ1

7 0
1 year ago
Jorge has $300 for work he performed. he expects to spend the money in the next few weeks to buy a new bike. which type of accou
Ber [7]

The best type of account for Jorge, who has $300 for work he performed and expects to spend the money in the next few weeks to buy a new bike is checking account. A checking account is useful for money that you will be spending soon, like in Jorge's case. Checking account can be accessed using checks, automated teller machines and electronic debits.

5 0
3 years ago
Read 2 more answers
Other questions:
  • Darl is in charge of facilities management at his company. He also believes in helping the environment. He knows the company can
    15·1 answer
  • Carrie works at a canned food production factory. The government wanted to give a boost to the salt industry, so it lined up num
    10·1 answer
  • sold real property with a $140,000 adjusted basis for $255,000. The buyer paid $148,000 cash and assumed Mr. Beck's $107,000 mor
    11·1 answer
  • Please help me !!! It’s very important
    10·2 answers
  • The total wage expense for Grande Co. was $ 156 comma 000. Of this​ total, $ 32 comma 000 was above the OASDI wage base limit an
    14·1 answer
  • When gasoline prices rise​ rapidly, angry customers often accuse the major oil companies of​ ________, or enriching themselves a
    10·1 answer
  • The number of years a person that age is expected to have left to live on average is known as?
    7·2 answers
  • Tim, a real estate investor, Ken, a dealer in securities, and Hardware, Inc., a retail lumber store, form a partnership called H
    12·1 answer
  • Which pillar focuses on the ability to use IT and computing resources efficiently to meet system requirements, and to maintain t
    8·1 answer
  • HELP ASAP PLZ!!!! Who would be most negatively affected if lower price limits were not in place? Explain your answer
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!