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Tom purchased 22,000 shares of MFN limited on the local stock exchange for a total cost of $150,000. The shares were sold after exactly 4
Tom purchased 22,000 shares of MFN limited on the local stock exchange for a total cost of $150,000. The shares were sold after exactly 4 years for a net amount of $255,573.66. What was the investor;s annual average return?(assume the stock paid no dividends).(rate of return, level1 time of money)
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