When a Stock Has an Average Rate of Return of 10

question 240

Multiple Choice

When a stock has an average rate of return of 10% per year, then the value of the stock:

• A) triples in 5 years.
• B) doubles in 7 years.
• C) doubles in 10 years.
• D) triples in 10 years.

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Definitions:

Guns

Firearms designed to discharge projectiles at high speeds, utilized for a variety of purposes including defense, hunting, and sporting activities.

Butter

A dairy product made by churning cream or milk, used as a spread or in cooking.

Efficient Allocation

The distribution of resources in a way that maximizes the net benefits to an economy or society.

Technology

The application of scientific knowledge for practical purposes, especially in industry, which includes machinery, equipment, methods, and techniques.