Jeremy Siegel shows us some very interesting data. His research showed that stocks have returned an average real rate of return of 6.8% from 1802 up to 2005. Assume that you had a relative who invested $1,000 in the US stock market in 1802 and left it for the next 205 years. How much real value would the account now contain?

Multiple Choice

• a. $539,964,654

• b. $436,694,123

• c. $719,625,927

• d. $625,596,396