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    Exam 9: Compound Interest: Further Topics and Applications
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    Neil's Common Stock Portfolio Increased in Value Over a Two-Month
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Neil's Common Stock Portfolio Increased in Value Over a Two-Month

Question 3

Question 3

Essay

Neil's common stock portfolio increased in value over a two-month period from $78,900 to $84,300. What were the simple and effective annualized rates of total return over the period?

Correct Answer:

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