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Apple made history this week by becoming the first $1 trillion publicly traded U.S. corporation on Thursday.

Questions:

1. How many years has it been since the 1st company became a $1 billion U.S. corporation?
2. What company was the first $1 billion U.S. corporation?
3. What companies are close behind Apple’s $1 trillion?
4. If you invested $10,000 in Apple when it first sold publicly traded stock at its initial public offering price of $22 in December 1980, how much would it be worth now, with reinvested dividends?

Source:
Heath, T. (2018). Apple makes history by hitting the $1 trillion cap. How high could it go? Washington Post, Aug. 3 (https://www.washingtonpost.com/business/economy/apple-has-made-history-by-hitting-the-1-trillion-cap–but-what-does-that-mean/2018/08/03/74525746-9670-11e8-810c-5fa705927d54_story.html)

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