You have just purchased 100 shares of Wal-Mart stock at $69 per share. You will sell the stock when
Question: You have just purchased 100 shares of Wal-Mart stock at $69 per share. You will sell the stock when its market price has doubled. If you expect the stock price to increase 15% per year, how long do you anticipate waiting before selling the stock?
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Solution Format: Word Document
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