As a principal in the consulting firm where you have worked for 20 years, you have accumulated 5000 shares of company stock. One year ago, cach share of stock was worth $40. The company has offered to buy back your shares for S225,000, At what interest rate would the firm's offer be equivalent to the worth of the stock last year?

As a principal in the consulting firm where you have worked for 20 years, you have accumulated 5000 shares of company stock. One year ago, cach share of stock was worth $40. The company has offered to buy back your shares for S225,000, At what interest rate would the firm's offer be equivalent to the worth of the stock last year?

Fundamentals Of Construction Estimating

4th Edition

ISBN:9781337399395

Author:Pratt, David J.

Publisher:Pratt, David J.

Chapter18: Life-cycle Costing

Section: Chapter Questions

Problem 7RQ

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