I am stuck on this question, and my financial calculator does not have the stupid CFi function. Does anyone know the formula for getting the answer?
"If you require a 16% return on your investment, how much would you be willing to pay for 100 shares of stock which you estimate will return you the following amounts:
end of year 1 $ 25
" 2 45
" 3 50
" 4 0
" 5 350
Thanks everyone
-kastro
"If you require a 16% return on your investment, how much would you be willing to pay for 100 shares of stock which you estimate will return you the following amounts:
end of year 1 $ 25
" 2 45
" 3 50
" 4 0
" 5 350
Thanks everyone
-kastro