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You sell a stock for $ 2 3 . 6 7 that was held for 1 0 years. You earned a return of 9 percent

You sell a stock for $23.67 that was held for 10 years. You earned a return of 9
percent per year. What was the original cost of the stock? This is an example of
the present value of a dollar discounted back at 9 percent per year for 10 years.
FV =23.67
I =9
N =10
PMT =0
PV =?

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