Microsoft s stock price peaked at 6118 of its IPO price more than 13 years after the IPO Suppose that 25 000 invested in

Question

Microsoft s stock price peaked at 6118 of its IPO price more than 13 years after the IPO Suppose that 25 000 invested in Microsoft at its IPO price had been worth 1 500 000 6000 of the IP price after exactly 13 years What interest rate compounded annually does this represent Round your answer to two decimal places

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