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3 Question 11 (1 point) You invested $1000 in a drug manufacturer hoping they would be able to win the race to make a COVID

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3 Question 11 (1 point) You invested $1000 in a drug manufacturer hoping they would be able to win the race to make a COVID 19 vaccine. Th the first year the stock returned 4% effective, in year 2 the stock returned 8.00% compounded quarterly j4) and in the third year it returned 18% compounded monthly (12) 6 What average rate of return, compounded semiannually did the stock return? (2-?) Your Answer: 2

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