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Mathematics, 20.09.2019 18:30 jessica112776

Microsoft's stock price peaked at 6118% of its ipo price more than 13 years after the ipo† suppose that $40,000 invested in microsoft at its ipo price had been worth $2,400,000 (6000% of the ipo price) after exactly 13 years. what interest rate, compounded annually, does this represent? (round your answer to two decimal places.)

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