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(Calculating rates of return) On December 10, 2007, the common stock of Google Inc. (GOOG) was trading for $718.42. One year later the shares sold

(Calculating rates of return)

On December 10, 2007, the common stock of Google Inc. (GOOG) was trading for $718.42.

One year later the shares sold for only $308.82.

Google has never paid a common stock dividend. What rate of return would you have earned on your investment had you purchased the shares on December 10, 2007?

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