What was the annual rate of growth in the value of the, Financial Management

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What was the annual rate of growth in the value of the

Your traditional IRA account has stock of GFH, which cost $2,000 20 years ago when you were S0 years old. You have been very fortunate, and the stock is now worth $23,000. You are in the 35 percent income tax bracket and pay 15 percent on long- term capital gains. a) What was the annual rate of growth in the value of the stock? b) What are the taxes owed if you withdraw the funds? 5.

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