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WarrenBuffett's Berkshire Hathaway Company went public in 1965. The public offering price was$18 per share. The stock was trading at$190,500 on July1, 2014, and the market value of the firm was $304.8 billion.
(a) What is the firm's average annual compound growth rate over last 49 years?
ABC, Inc. is a mortgage broker. Their job is to connect potential home buyers with loan sources. Many of their loans go through a small number of lending sources, although the firm is constantly looking for new loan sources.
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