If the price of a stock is $$78\mathrm{.}60$ in fifteen year from now. What is its price in today's dollars if you desire a rate of return of $12\%?$

Question $6$Answer

a$.$

$$6\mathrm{.}55$

b$.$

$$15\mathrm{.}00$

c$.$

$$9\mathrm{.}43$

d$.$

$$14\mathrm{.}36$