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you sold 100 shares of stock today for $30 per share, for which you paid $20 for 6 years ago. Determine the average annual rate
you sold 100 shares of stock today for $30 per share, for which you paid $20 for 6 years ago. Determine the average annual rate of return on your investment; assume the stock paid no dividends. ( please explain the answer for me)
a. 15 percent
b. 10 percent
c. 8 percent
d. 7 percent
e. 6 percent
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