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Consider an investor who made an investment in Berkshire Hathaway exactly 21 years ago. The investor paid $31.1 per share for the shares and just
Consider an investor who made an investment in Berkshire Hathaway exactly 21 years ago. The investor paid $31.1 per share for the shares and just sold them for $119.6 per share. No dividends were paid over the investment period. What was the investor's annualized rate of return (EAR)
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