Presume you buy a share of stock for 20 and sell it for 40


Presume you buy a share of stock for $20 and sell it for 40. Then your profit is $20. If that happens within a year, your rate of return is an impressive 100%. If it takes 6 years, what would be the average annual rate of return on your investment?

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Microeconomics: Presume you buy a share of stock for 20 and sell it for 40
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