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April 19, 2014

Homework Help: Algebra 2

Posted by Anonymous on Thursday, March 15, 2012 at 12:40am.

Tracey is contemplating the purchase of 100 shares of a stock selling for 15 per share. The stock pays no dividends. Her broker says that the stock will be worth 20 per share in 2 years. What is the annual rate of return on this investment?

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