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9. A prominent businessman inherited his family's real estate company in 1980 . Over the subsequent 35 years (up to 2015) the value of the

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9. A prominent businessman inherited his family's real estate company in 1980 . Over the subsequent 35 years (up to 2015) the value of the business increased substantially, from $250,000,000 in 1980 to $8,500,000,000. Over the same time period, the stock market (as measured by the 500 largest companies on the New York Stock Exchange) experienced an annual return of 13%. How much higher or lower was the annualized rate of return of the businessman's real estate business than the broader stock market's return? (Note: the businessman's annual rate of return is the compounded rate by which the real estate firm's value grew each year). A. The annual return of the real estate business was 20.0% worse than that of the broader stock market. B. The annual return of the real estate business was 2.4% worse than that of the broader stock market C. The annual return of the real estate business was 1.8% worse than that of the broader stock market. D. The annual return of the real estate business was 2.4% better than that of the broader stock market. E. The annual return of the real estate business was 20.0% better than that of the broader stock market F. The annual return of the real estate business was 22.6% better than that of the broader stock market

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