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Eduardo has been purchasing $50,000 of Broadband Industries' stock each year for the past 20 years. His holdings are now worth $2,000,000. What has been

Eduardo has been purchasing $50,000 of Broadband Industries' stock each year for the past 20 years. His holdings are now worth $2,000,000. What has been the average annual compound rate of return on this investment?

  • A. 6.8%
  • B. 8.3%
  • C. 9.8%
  • D. 10.2%

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