finance for decision makers

After 20 years, 100 shares of stock originally purchased for $1000 was sold for $5,000. What was the yield on the investment? Choose the closest answer.
a) 19%
b) 5%
c) 12.7%
d) 8%

  1. 0
  2. 8
asked by usha
  1. final =initial(1+i)^t
    5=(1+i)^20
    log5=20log(1+i)
    .0349=log(1+i)
    1.08=1+i

    1. 0
    posted by bobpursley
  2. Thank you for your response. What is the answer. Can you explain me the problem?

    1. 0
    posted by usha

Respond to this Question

First Name

Your Response

Similar Questions

  1. math

    After 20 years, 100 shares of stock originally purchased for $1000 was sold for $5,000. What was the yield on the investment? Choose the closest answer. 19% 5% 12.7% 8%
  2. math 2 questions need help

    At age 5, how much would you have to save per month to have $1 million in your account at age 65, if your investment rate was 10% per year? Assume no taxes and compounding on a monthly basis. $213.30 $21.23 $274.60 can't be done
  3. Acounting

    How can I make journal entry for a corporation called H who is authorized to issue 100000 shares of $ 20 par common stock & 5000 shares of $ 100 par, 8 preferred stock. The following transactions affecting shareholders equity were
  4. accounting

    Assume that the following transactions affected owners' equity for De Soto Inc. during 2011. Feb. 1- Sold 40,000 shares of common stock in the market. Apr. 1- Purchased 3,000 shares of common stock to be held as treasury stock.
  5. accounting

    Pearson began 20XX with 30,000 $1 common shares issued and outstanding. Paid in capital in excess of par was $25,000 and retained earnings were $75,000. Net income for 20XXwas $22,000. Requirements: Review Pearson's transactions
  6. Accounting/Finance

    Temte Corporation is authorized to issue 1,000,000 shares of no-par common stock and 250,000 shares of 6 percent, $25 par value, cumulative preferred stock. These events affected stockholders’ equity during the first year of
  7. Accounting

    BJK Company purchased 1000 shares of its own outstanding $10 par value common stock for $14 per share and then sold 400 shares six months later for $17 a share. Prepare the journal entries for the purchase of the stock and for the
  8. math

    A person sold 100 shares of a stock at a loss of 40%. If the selling price for the 100 shares was $3,000, which of the following comes closest to what was paid for the stock?
  9. accounting

    Jones Company is authorized to issue 20,000 shares of no-par, $5 stated-value common stock and 5,000 shares of 9%, 100 par preferred stock. It enters into the following transaction: 1. Accepts a subscription contract to 7,000
  10. accounting

    Ziegler Corporation purchased 25,000 shares of common stock of the Sherman Corporation for $40 per share on January 2, 2010. Sherman Corporation had 100,000 shares of common stock outstanding during 20 I3, paid cash dividends of

More Similar Questions