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Suppose you invested in GEICO stock 8 year ago. It was $54 when you bought it and you sold it today at $78. Using simple

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Suppose you invested in GEICO stock 8 year ago. It was $54 when you bought it and you sold it today at $78. Using simple interest method, what rate of return per year did you make from the investment? (Enter your answer in percentage without the "\%" symbol. Round your answer to two decimal points)

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