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An investor purchased a stock and paid $67. After holding the stock for three years, the investor sold the stock for $80. The stock price
An investor purchased a stock and paid $67. After holding the stock for three years, the investor sold the stock for $80. The stock price at the end of the first year was $70 and $75 at the end of the second year. The stock pays $4.5 dividend per year. Calculate the annual geometric average return on this investment.
0.11194
0.124774
0.124731
0.087065
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