Suppose that the NASDAQ Composite index hit a level of 4,682 in February of 2005....
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Suppose that the NASDAQ Composite index hit a level of 4,682 in February of 2005. In February of 1993 it was at a level of 2,040. What was the annual average compound growth rate over the period? Express your answer to two decimal points % (Round to two decimal places.)
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