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You bought a stock for $42.50 and sold it for $82.00 after nine years. What was the annual rate of return based on a simple/arithmetic
You bought a stock for $42.50 and sold it for $82.00 after nine years. What was the annual rate of return based on a simple/arithmetic average and based on a geometric average? MAKE SURE YOU USE AT LEAST 4 DECIMAL PLACES. YOU MUST SHOW ALL WORK TO RECEIVE CREDIT.
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