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nakungth nakungth
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6 years ago
The first column of the following table describes the price movement of AOL Corporation stock over a five-year period.  The second column gives the period's consumer price index.  Calculate the real value of the stock for each time period using year 5 as the base year.  If you purchased $1,000 worth of AOL Corporation in year 1, what has happened to the purchasing power of your original $1,000 investment when you sell the stock in year 5?

Year   AOL   CPI
1996   $4.00   147.8
1997   $3.84   155.3
1998   $7.00   163.0
1999   $37.00   165.4
2000   $70.00   172.1
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Microeconomics

Microeconomics


Edition: 8th
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oracledarrenoracledarren
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6 years ago
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nakungth Author
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5 years ago
Thank you!
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