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What is the average annual return on the stock

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Reference no: EM132413473

Problem: Please provide an explanation on how to get to the answer.

Suppose that 24 years ago you purchased 100 shares of Adobe Systems common stock for $750 (excluding commission). Since then they've had five 2:1 stock splits, they're currently selling for $36.25 per share, and you haven't sold any of your shares.

Required:

What is the Average Annual Return on the stock?

Reference no: EM132413473

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