Business, 14.02.2020 21:38 mzynique2000

Microsoft's stock price peaked at 6118% of its IPO price more than 13 years after the IPO† Suppose that $10,000 invested in Microsoft at its IPO price had been worth $600,000 (6000% of the IPO price) after exactly 13 years. What interest rate, compounded annually, does this represent? (Round your answer to two decimal places.)

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Microsoft's stock price peaked at 6118% of its IPO price more than 13 years after the IPO† Suppose t...

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