You purchased a stock 20 years ago for $363.50. The stock is trading today at $2,559.70....
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You purchased a stock 20 years ago for $363.50. The stock is trading today at $2,559.70. Given this information, what is the average annual compound rate of return that you can realized on this stock? You purchased a stock 20 years ago for $363.50. The stock is trading today at $2,559.70. Given this information, what is the average annual compound rate of return that you can realized on this stock?
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To calculate the average annual compound rate of return we can use the formula Annual ... View the full answer
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