You bought 100 shares of GE stock at $2,330 on December 31, 2011. Your intention is to
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You bought 100 shares of GE stock at $2,330 on December 31, 2011. Your intention is to keep the stock until it doubles in value. If you expect 8% annual growth for GE stock, how many years do you expect to hold onto the stock? Compare your answer with the solution obtained by the Rule of 72.
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