Warren buffettrsquos company went public in 1965 the public


Warren Buffett’s company went public in 1965. The public offering price walls $18 per share. The stock was traded at $92,400 on April 10, 2009, and the market value of the firm was $97.8 billion.

a. What is the firm’s average annual compound growth rate over the last 44 years?

b. If Mr. Buffett’s company continues to grow at an historical growth rate, what will be his company’s total market value when he reaches the age of 100? (Buffett celebrated his 78th birthday in 2009)

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Business Economics: Warren buffettrsquos company went public in 1965 the public
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