Question: Refer to Exercise 61. (a) What was the maximum value of the company during the first 6 months since it went public, and when was

Refer to Exercise 61.

(a) What was the maximum value of the company during the first 6 months since it went public, and when was that maximum value attained?

(b) Assuming that the value of one share will continue to increase at the rate that it did during the period following the 6th month, what is the limit of the total value of the company as t increases?

Exercise 61

After a computer software company went public, the price of one share of its stock fluctuated according to the graph in Fig. 1(a). The total worth of the company depended on the value of one share and was estimated to be 12 + 8x 3 + x W(x) = 10-

Give an interpretation for these values.

12 + 8x 3 + x W(x) = 10-

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