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After 16 years 100 shares of stock originally purchased for

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Reference no: EM13569444

After 16 years, 100 shares of stock originally purchased for $1000 was sold for $7,000. What was the yield on the investment? Choose the closest answer.

Question options:

i) 19%

ii) 5%

iii) 13%

iv) 8%

Reference no: EM13569444

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