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Please show all work 3. 80) You have been purchasing $12,000 worth of stock annually for the past eight years and now have a portfolio

image text in transcribed Please show all work

3. 80) You have been purchasing $12,000 worth of stock annually for the past eight years and now have a portfolio valued at $87,881. What is your annual rate of return? 4.32 percent B) 2.54 percent C) 3.29 percent D)-4.32 percent E) -2.54 percent

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