Ask Question
BusinessBusiness
23 February, 03:31

Your grandfather invested $1,000 in a stock 31 years ago. currently the value of his account is $319,000. what is his geometric return over this period?

+4
Answers (1)
  1. 23 February, 03:58
    0
    Holding period return that is HPR = (FV / PV) ^1/N - 1 where FV is future value of $319000 PV is present value of $1,000 N is 45 years and subtract 1 (319000 / 1,000) ^ (1/31) - 1 is 13.38% Therefore, grandfather's geometric return is 10.29% if he invested 31 years ago.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Your grandfather invested $1,000 in a stock 31 years ago. currently the value of his account is $319,000. what is his geometric return over ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
I have a 781 credit score what can i get
Answers (1)
Ball transforms raw materials, human resources, parts, supplies, tools, and other resources into containers using processes of fabrication and assembly. managing these processes is called
Answers (1)
What was the average annual return on large-company stock from 1926 through 2016 in nominal terms? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e. g., 32.16.)
Answers (1)
Relatives gave timothy $15, $50, $25, and $18 for his birthday. what is the mean amount of money relatives gave timothy for his birthday?
Answers (1)
Jessica finds out that the government introduced a new trade policy that will increase import tariffs. She calls for a meeting of all of the company's department heads to address this issue, which may increase the company's production costs.
Answers (1)
New Questions in Business
Peter calls his friend Lily to borrow $500. On the side of a box, Peter writes and signs a note stating he will pay back the $500 as long as Lily allows him to use her car until he gets a job.
Answers (1)
The most recent financial statements for Alexander Co. are shown here: Income Statement Balance Sheet Sales $ 42,800 Current assets $ 17,500 Long-term debt $ 37,000 Costs 35,500 Fixed assets 68,300 Equity 48,800 Taxable income $ 7,300 Total $ 85,800
Answers (1)
Steps that explain exactly what you are going to do to reach your goal are called
Answers (1)
The following information is available for Splish Brothers Corp. for the year ended December 31, 2022.
Answers (1)
Which of the following is true regarding internal customers of an organization? They buy products or services for their own personal use. They receive goods or services from someone within the organization.
No Answers
Home » Business » Your grandfather invested $1,000 in a stock 31 years ago. currently the value of his account is $319,000. what is his geometric return over this period?
Sign Up Forgot Password?