Stock Prices We saw in Exercise 42 that OHaganBooks.com’s stock was doubling in value every 3 hours, following its IPO. If you bought $10,000 worth of the stock when it was first offered, how long from the initial offering did it take your investment to reach $50,000?
42. Stock Prices In the period immediately following its initial public offering (IPO), OHaganBooks.com’s stock was doubling in value every 3 hours. If you bought $10,000 worth of the stock when it was first offered, how much was your stock worth after 8 hours?
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