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Warrenbuffetts berkshire hathaway company went public in

WarrenBuffett's Berkshire Hathaway Company went public in 1965. The public offering price was$18 per share. The stock was trading at$190,500 on July1, 2014, and the market value of the firm was$304.8 billion.

(a) What is the firm's average annual compound growth rate over last 49 years?

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