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Author Question: Your father spent all of his adult life working in a small T-shirt making firm. His first year of ... (Read 174 times)

michelleunicorn

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Your father spent all of his adult life working in a small T-shirt making firm. His first year of sales was 118,000 and his last year of sales was 450,000.
 
  If the firm grew at an average rate of 3.15 per year, how many years did your father sell T-shirts at his firm?
  A) 43.16 years
  B) 40.00 years
  C) 31.68 years
  D) 25.91 years

Question 2

Preferred stock is similar to a bond in the following way:
 
  A) Preferred stock always contains a maturity date.
  B) Both contain a growth factor similar to common stock.
  C) Both investments provide a stated income stream.
  D) Both provide interest payments.


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xthemafja

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