Question: 4 . A stock sells for $ 6 . 9 9 on December 3 1 , providing the seller with a 6 % annual return.

4. A stock sells for $6.99 on December 31, providing the seller with a 6% annual return. What was the price of the stock at the beginning of the year?
$6.59
$1.16
$7.42
$5.84

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