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1. You buy a stock for $20. After a year the price rises to $25 but falls back to $20 at the end of the
1. You buy a stock for $20. After a year the price rises to $25 but falls back to $20 at the end of the second year.
What was the average percentage return and what was the true annualized return?
Please provide formulas and how to solve within excel.
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