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Write the Word or Phrase That Best Completes Each Statement

Question 438

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Write the word or phrase that best completes each statement or answers the question.
-A venture capital firm invested $2,000,000 in a new company in 1995. In 1999, they sold their stake in the
company for $10,500,000. What was the average annual rate of return on their investment?

Correct Answer:

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