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This lesson will help you understand descriptive statistics Brushing up on these concepts now will help you tackle your finance coursework later Be sure to

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This lesson will help you understand descriptive statistics Brushing up on these concepts now will help you tackle your finance coursework later Be sure to complete the Concept Check at the end of the lesson to cement your skills and receive credit A15% return on a stock means that _. 15% of the people who purchased the stock will see a return 15% of the original purchase price of the stock returns to the seller at the end of the year the stock is worth 15% more at the end of the year than at the beginning the stock has lost 15% of its value since it was originally sold A stock purchased on January 1 cost $4 35 per share The same stock, sold on December 31 of the same year, brought in $4 75 per share What was the approximate return on this stock? 9% 100% 0.09% 109% A stock sells for $6 99 on December 31. providing the seller with a 6% annual return. What was the price of the stock at the beginning of the year? $6.59 $1.16 $7.42 $5.84

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