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Twenty-two years ago today Ms. Bloomington, an art collector, paid $2,800 for a stone sculpture by prominent Illinois artist Rock Carver. She had it appraised

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Twenty-two years ago today Ms. Bloomington, an art collector, paid $2,800 for a stone sculpture by prominent Illinois artist Rock Carver. She had it appraised this morning by an expert who estimated the piece's value now to be $10,800. What has been the average annual compounded rate of return (growth in value) on this investment? A. 6.328% OB. 17.532% O C. 1.178% D. 25.926% O E.5.447%

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