At the beginning of 2016, the stock market value (Dow Jones Industrial Average) was around 17,150; median house prices were at $357,000; oil was selling at $36/barrel and gold was selling at $1,073/ounce. Five years later (January of this year), they were at 30610 (DJIA), $393,000 (house prices), $68 (oil), and $1,891 (gold). Which of these four investments would have been the best choice for those five years? Show/Explain how you made your decision. Investments Choices January 2016 $17,150 $357,000 January 2021 $30,610 $393,000 $68 $1,891 DJIA House Prices Oil $36 Gold $1,073

At the beginning of 2016, the stock market value (Dow Jones Industrial Average) was around 17,150; median house prices were at $357,000; oil was selling at $36/barrel and gold was selling at $1,073/ounce. Five years later (January of this year), they were at 30610 (DJIA), $393,000 (house prices), $68 (oil), and $1,891 (gold). Which of these four investments would have been the best choice for those five years? Show/Explain how you made your decision. Investments Choices January 2016 $17,150 $357,000 January 2021 $30,610 $393,000 $68 $1,891 DJIA House Prices Oil $36 Gold $1,073

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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