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Jeremy is tracking the stock value of Best Buy (BBY on the NYSE). In 2003 he purchased 100 shares at $28 a share. The stock

Jeremy is tracking the stock value of Best Buy (BBY on the NYSE). In 2003 he purchased 100 shares at $28 a share. The stock did not pay dividends because the company reinvested all earnings. In 2005 Jeremy cashed out and sold the stock for $4000. What was the annual rate of return on BBY?

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