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.

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter8: Basic Stock Valuation
Section: Chapter Questions
Problem 3P
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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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