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Time Value Ex. #1 On January 4, 2000 Mark Cuban purchased the Dallas Mavericks NBA team for a price of $285 million (from H.
Time Value Ex. #1 On January 4, 2000 Mark Cuban purchased the Dallas Mavericks NBA team for a price of $285 million (from H. Ross Perot). Twelve years later (as of January 25, 2012) Forbes magazine has valued the franchise at $497 million. What annualized rate of return has Mr. Cuban earned on his investment? Show your answer to five decimal places.
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