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Consider a sample of year-end prices for Alphabet, Inc. (Google) over a five year period. Google did not pay a dividend over the sample period.

Consider a sample of year-end prices for Alphabet, Inc. (Google) over a five year period. Google did not pay a dividend over the sample period. YEAR PRICE 2012 $574.94 2011 $601.42 2010 $533.92 2009 $340.04 2008 $564.61 2007 $511.78 Calculate the holding period return.

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