One dollar invested in a portfolio of U.S.common stocks in 1900 would have grown in nominal value by the end of year 2011 to:
A)$21,978
B)$245
C)$74
D)$6

Question

Quizplus · Accepted Answer

According to the data from the SBBI Yearbook, the compound annual growth rate of the U.S. stock market from 1900 to 2011 was about 9.8%. Therefore, a dollar invested in 1900 would have grown to approximately $21,978 in nominal value by the end of 2011.

One Dollar Invested in a Portfolio of U