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On October 1 , 1 9 9 9 , the book Dow 3 6 , 0 0 0 : The New Strategy for Profiting from

On October 1,1999, the book "Dow 36,000: The New Strategy for Profiting from the Coming Rise in the Stock Market" was published. On that date, the Dow closed at 10,222.66. The Dow
first closed above 36,000 on November 2,2021, twenty-two years after the book's publication.
Rounding off the time period to twenty-two years, what was the average annual compounded return on the Dow over this period? (Round to the nearest percent. Refer to Chapter 13, Section
5.)
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