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- 2004-05-24
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An investor portfolio contains 5 stocks. After the first year the value of the stocks increased as follows: Stock A, $ 1,000 invested, increased 17%; Stock B, $ 11,000 invested, increased 4%; Stock C, $ 5,000 invested, increased 8%; Stock D, $ 9,000 invested, increased 2%; and Stock E, $ 10,000 invested, increased 5%. Calculate the average growth rate in the portfolio