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Two years ago, Stock CCC was selling for $.58. Since that time, Stock CCC has increased in price by $.50 each successive year. If you
Two years ago, Stock CCC was selling for $.58. Since that time, Stock CCC has increased in price by $.50 each successive year. If you had $1,000 invested in the stock throughout the entire time, what was your cumulative geometric return? No dividends were paid.
a. 82.47%
b. 132.51%
c. 261.11%
d. 172.42%
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