Tesla stock is currently selling for $5.7.  You are thinking about buying it and you hope to sell it in 2 years.  If your required return on investments of this risk is 20.14%, what must you sell it for?? Round to 2 decimal places.  Include a dollar sign ($) or percent (%) as appropriate.

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter12: Investing In Stocks And Bonds
Section: Chapter Questions
Problem 1FPE: What makes for a good investment? Use the approximate yield formula or a financial calculator to...
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Tesla stock is currently selling for $5.7.  You are thinking about buying it and you hope to sell it in 2 years.  If your required return on investments of this risk is 20.14%, what must you sell it for??

Round to 2 decimal places.  Include a dollar sign ($) or percent (%) as appropriate.

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