Stephen's grandmother deposited $100 in an investment account for him when he was born, 25 years...
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Stephen's grandmother deposited $100 in an investment account for him when he was born, 25 years ago. The account is now worth $1,500. What was the average rate of return on the account? a. 6.00% b. 15.00% c. 16.67% d. 11.44% Stephen's grandmother deposited $100 in an investment account for him when he was born, 25 years ago. The account is now worth $1,500. What was the average rate of return on the account? a. 6.00% b. 15.00% c. 16.67% d. 11.44%
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Corporate Finance A Focused Approach
ISBN: 978-1439078082
4th Edition
Authors: Michael C. Ehrhardt , Eugene F. Brigham
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