Shares of common stock to the public at a price

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In 1970, Wal-Mart offered 300,000 shares of common stock to the public at a price of $16.50 per share. The stock is now worth $10,887,600.00 (2010). What is the rate of return over the 40 year period?

A. 20.48% B. 24.59% C. 10.887% D. 16.5%

Reference no: EM13923657

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