What was the compound annual return over past five years

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Middlefield Motors has never paid any dividends. The firm’s stock was selling for 79.7 dollars per share 5 years ago. Today the stock is priced at 110.15 dollars. What was the compound annual return over the past 5 years? Answer as a rate in decimal format so that 12.34% would be entered as .1234 and 0.98% would be entered as .0098.

Reference no: EM131072676

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