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A Stock Was Purchased for $20 Five Years Ago and Was

Question 52

Multiple Choice

A stock was purchased for $20 five years ago and was just sold for $28.05, net. Assuming no dividends were paid what annual rate of return (geometric average) did the investor earn?


A) 40.25%
B) 10.06%
C) 7.00%
D) 1.40%

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