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3 1 point An investor just sold an investment that she had owned for 16 years. The investor earned a holding period return of 860.76%.
3 1 point An investor just sold an investment that she had owned for 16 years. The investor earned a holding period return of 860.76%. What was the effective annual rate (annualized rate of return) earned by the investor over the 16-year investment period? Enter your answer in decimal form out to four decimals. For example, you would enter 0.1050 (for 10.5%). Type your
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