Question: Please don't use excel. If you are using a financial calculator with PMT buttons please let me know what button you pushed for each value.
Please don't use excel. If you are using a financial calculator with "PMT" buttons please let me know what button you pushed for each value. Please show all your work and answer each part of the question, I am trying to actually learn how to do this on my own so i need to see how you got the answer. Any correct answer that follows these guidelines will get a thumbs up.
Part 1. At the end of 2010 the adjusted per share closing price of a share of stock X was 20.50.
Part 2. Five years later at the end of 2015, the adjusted per share closing price increased to 35.20. If
Part 3. You owned 150 shares of stock X then and today-- Find:
- The value of your stock purchased in 2010 and 5 years later in 2015 and then
- calculate the nominal rate of increase of stock X if it was compounded monthly.
- Give answer as a annual percent compounded monthly
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