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Assume You have purchased 125 shares each at BD45 per share

Economics

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Assume You have purchased 125 shares each at BD45 per share. You will sell the stock when its market price is doubled. If you expect the stock price to increase 30% per year, how long will you wait to sell the stock?

Select one:

a. 4.48YEARS

b. 5 YEARS

c. 2.6 YEARS

d. 3,5 YEARS