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Suppose you invested $1.00 in the NASDAQ when it hit its high of 4,698 in February of 2000. In February of 2010, it was at a level of 2,100. What was your annual average compound growth rate over the period? Stated differently, what was your annualized return for the period? a) Greater than a 10% loss b) A loss of 10% to 0% c) A gain of 0% to 10% d) A gain of 0% to 18%
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