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Seven years ago, Stan purchased 10 shares of an aggressive growth mutual fund at $90 per share, for a total of $900. Today he sold all 10 shares for $4,500. What was his average annual rate of return on
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Seven years ago, Stan purchased 10 shares of an aggressive growth mutual fund at $90 per share, for a total of $900. Today he sold all 10 shares for $4,500. What was his average annual rate of return on this investment, before tax

User Mxasim
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1 Answer

3 votes

Answer:

the answer is 450.

Step-by-step explanation:

You just need to divide the amount of shares by the new total. I hope this helps!

User FrostyL
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