David purchased stock 15 years ago for $325.75. He sold the stock today for $2,500. Given this

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David purchased stock 15 years ago for $325.75. He sold the stock today for $2,500.

Given this information, what is the average annual compound rate of return that David realized on this stock?

a. 10.09%.

b. 12.39%.

c. 13.12%

d. 14.55%.

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Fundamentals Of Financial Planning

ISBN: 9781936602094

3rd Edition

Authors: Michael A Dalton, Joseph Gillice

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Question Posted: Sep 11, 2024 09:01 AM

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David purchased stock 15 years ago for $325.75. He sold the stock today for $2,500. Given this

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Fundamentals Of Financial Planning

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