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After 20 Years,100 Shares of Stock Originally Purchased for $1,000

Question 53

Multiple Choice

After 20 years,100 shares of stock originally purchased for $1,000 was sold for $5,000.What was the annual yield on the investment? Choose the closest answer.


A) 19.00%
B) 5.00%
C) 12.70%
D) 8.38%

Correct Answer:

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