11-01-2007, 06:20 PM
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#8
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Senior Member
Join Date: Jan 2006
Location: Clinton Township, MI
Posts: 3,126
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Quote:
Originally Posted by ute4ever
I'll see your Google, Forrest, and raise you an Apple.
It launched at $26 per share, is worth about $190 now, and has been split 2:1 three times. In other words, its worth is 58.5 times greater now: (26/190) x (2x2x2) = 58.5.
A similar investment of $42,500 (500 shares x $85) in 1984 would yield $2,498,250 today.
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at the rate google is going in another 20 years those 500 shares someone bought could be worth a lot more than Apple
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