Investments in the stock market have increased at an average compound rate of about 5% per year
Question:
a. If you invested $ 1,000 in the stock market in 1900, how much would that investment be worth in 2011?
b. If your investment in 1900 has grown to $1 million in 2011, how much did you invest in 1900?
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Answer assumes that the investment was made a...View the full answer
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Related Book For 
Fundamentals of Corporate Finance
ISBN: 978-1259024962
6th Canadian edition
Authors: Richard Brealey, Stewart Myers, Alan Marcus, Devashis Mitra, Elizabeth Maynes, William Lim
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