50 years ago your parents purchased a non-dividend paying share in Pinder Ltd for $0.12....
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Finance
50 years ago your parents purchased a non-dividend paying share in Pinder Ltd for $0.12. Today that share is worth $12.60. Which of the following is closest to the average annual geometric rate of return that your parents have earned on the share?
A) 8.53%
B) 5.20%
C) 9.75%
D) 9.08%
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