The stock for a given company has steadily increased from the beginning of 2006 to the end of 2007 by 5% per year, however, in 2008 the stocked increased by 10%. If the stock was purchased at $12.43 at the beginning of 2006, then what is the value of the stock at the end of 2008? Round your answer to the nearest cent. a.
$15.07
c.
$13.70
b.
$14.36
d.
$13.67