Question 7\ 5 pts\ Refer to W. Buffett bet discussion, where at the end of 2007 two investors contributed

$330K

each to purchase a zero coupon bond maturing in 10 years. At the end of 2012 the investors sold the bond for

$950K

and purchased Berkshire Hathaway stock. What was the annual return that investors earned between 2007 and 2012?\ Enter your answer in decimals, e.g.

4.55%

as 0.0455

Refer to W. Buffett bet discussion, where at the end of 2007 two investors contributed $330K each to purchase a zero coupon bond maturing in 10 years. At the end of 2012 the investors sold the bond for $950K and purchased Berkshire Hathaway stock. What was the annual return that investors earned between 2007 and 2012? Enter your answer in decimals, e.g. 4.55% as 0.0455