The stock of Nowhere Man, Inc. had earned 82% over the last 25 years. What annually compounded rate of return did this investment earn over the last 25 years? A. 3.28% B. 82% C. 2.42%

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter15: Capital Investment Analysis
Section: Chapter Questions
Problem 15.1.2MBA
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The stock of Nowhere Man, Inc. had
earned 82% over the last 25 years. What
annually compounded rate of return did
this investment earn over the last 25
years? A. 3.28% B. 82% C. 2.42%
Transcribed Image Text:The stock of Nowhere Man, Inc. had earned 82% over the last 25 years. What annually compounded rate of return did this investment earn over the last 25 years? A. 3.28% B. 82% C. 2.42%
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