How would I calculate this using excel? or a financial calculator?   the common stock of clinton kneepads behaves rather strangely (as does its owner). it is up 3% one day and down 3% the next, without fail. what is the stock price after 200 days of such activity? assume it starts out at $20 a. 1.828 b. 19.50 c. 21.50 d. 15.57 e. none of the above

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter2: The Domestic And International Financial Marketplace
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How would I calculate this using excel? or a financial calculator?

 

the common stock of clinton kneepads behaves rather strangely (as does its owner). it is up 3% one day and down 3% the next, without fail. what is the stock price after 200 days of such activity? assume it starts out at $20

a. 1.828

b. 19.50

c. 21.50

d. 15.57

e. none of the above

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