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Time Value of Money On January 2016, Charley Dow bought 1,000 shares of stock at $10 per share. On December 31, 2018, he sold the

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Time Value of Money On January 2016, Charley Dow bought 1,000 shares of stock at $10 per share. On December 31, 2018, he sold the stock for $16 per What was his annual rate of return? (Use a Financial calculator to arrive at the answer. Round the final answer to 2 decimal places.) Annual rate of return

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