[Solution] Suppose you buy a share for $25 and sell it for $50, your profit is $25. If that happens within a year, your rate of return is an impressive
Question: Suppose you buy a share for $25 and sell it for $50, your profit is $25. If that happens within a year, your rate of return is an impressive 100% ($25/$25 = 1). If that takes 5 years, what would be the average annual rate of return on your investment?
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