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Problem 1 6 - 0 1 What are the holding period and the annualized compounded returns if you buy a stock for $ 4 5

Problem 16-01
What are the holding period and the annualized compounded returns if you buy a stock for $45 and sell it for $75 after eight years? Use Appendix A to answer the questions. Round your answers to the nearest whole number.
Holding period return: %
Annualized compounded return: %
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