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Henry purchased stock in Nortel Networks for $120 per share. Unfortunately the stock did not perform very well in the 3 years that Henry has
Henry purchased stock in Nortel Networks for $120 per share. Unfortunately the stock did not perform very well in the 3 years that Henry has owned it as it is now trading at $3.93 per share. Feeling that the value of the stock will only continue to drop, Henry sold his shares today. What annual rate of return did Henry make on his investment?
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