A Stock Analyst Attempts to Express the Price P of a Share

Multiple Choice

A stock analyst attempts to express the price p of a share of XYZ stock as an exponentially increasing function of the time since XYZ's initial public offering (IPO) : , where m is the number of months since the IPO.The price of a share was $10.00 at the time of the IPO and $13.60 four months after the IPO.What is the approximate value of k? Round to the nearest thousandth.

A) 0.653 per month
B) 0.077 per month
C) 3.400 per month
D) 1.224 per month
E) 13.009 per month