In January 2020, you bought 100 shares of Tesla stock for $65,057. In May 2020, the value

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In January 2020, you bought 100 shares of Tesla stock for $65,057. In May 2020, the value of your investment increased to $83,500.

a. Find the nominal percentage price increase of your investment.

b. Find the percentage price increase in real terms if the consumer price index (CPI) in January and May of 2020 was 257.97 and 256.39, respectively.

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Business Statistics Communicating With Numbers

ISBN: 9781260716306

4th Edition

Authors: Sanjiv Jaggia, Alison Kelly

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Question Posted: Jul 21, 2023 07:44 AM

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In January 2020, you bought 100 shares of Tesla stock for $65,057. In May 2020, the value

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Business Statistics Communicating With Numbers

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