Jeremy purchased 100 shares of FB for $19 per share in September 2012 and sold them 3 years later at $91 per share. At what annual rate did the value of his investment grow?

A) about 95%
B) about 48%
C) about 69%
D) about 12%

Answer: C

Business

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At the end of its useful life, the book value of an asset must be zero

Indicate whether the statement is true or false

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