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Posted on Sep 30, 2024

On January 1 , 2 0 XW , Esa Pea bought 5 0 0 shares of stock at $ 1 0 per share. On December

On January

1, 20

,

Esa Pea bought

500

shares of stock at $

10

per share. On December

31, 20

,

he sold the stock for $

16

per share.

What was his annual rate of return?

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