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Fifty years ago, an investor bought a share of stock for $10. The stock has paid no dividends during this period, yet it has returned
Fifty years ago, an investor bought a share of stock for $10. The stock has paid no dividends during this period, yet it has returned 20%, compounded annually, over the past 50 years. If this is true, the share price is now closest to which of the following? Show the calculation.:
A. $4,550
B. $45,502
C. $91,004
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