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Suppose you buy a share of stock for $20 and sell it for 60. Then your profit is $40. If that happens within a year,

Suppose you buy a share of stock for $20 and sell it for 60. Then your profit is $40. If that happens within a year, your rate of return is an impressive 200%. If it takes 10 years, what would be the average annual rate of return on your investment?

Group of answer choices

11.61%

20.00%

23.22%

12.78%

10.12%

21.57%

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