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You purchase a stock for $100 today. One year from now, the stock is worth $50. Two years from now, the stock is worth $100.
You purchase a stock for $100 today. One year from now, the stock is worth $50. Two years from now, the stock is worth $100. The stock does not pay a dividend. After two years, your geometric average annual return from this stock is?
100%
75%
25%
none of the above
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