Question: Question 1 ( 2 5 marks ) a ) Stocks of company XYZ are initially issued at price of RM 1 8 . The value

Question 1(25 marks) a) Stocks of company XYZ are initially issued at price of RM18. The value of the stock grows by 20% every year. i. Show that the value of a stock follows a geometric sequence. [2 Marks] ii. Calculate the value of the stock ten years after the initial public offering. [5 Marks]

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