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What was annual rate of return on the stock

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Reference no: EM132643611

Problem 1: If you purchased a share of Mico.com stock on March 1, 1993 for $45 and you sold the stock at $168 on February 28, 1998, what was your annual rate of return on the stock?

Option 1. 50%

Option 2. 75%

Option 3. 30%

Option 4. 20%

Option 5. 83%

Reference no: EM132643611

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