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stranahan stranahan
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7 years ago
In 1930, the highest paid player in major league baseball was Babe Ruth of the New York Yankees, with an annual salary of $80,000. In 2005, the highest paid player in major league baseball player was Alex Rodriguez, also of the New York Yankees, with a salary of $25,000,000. What was the average annual rate of growth in the top baseball salary over this time period?
A) 18.70%
B) 7.96%
C) 3.31%
D) 4.17%
Textbook 
Financial Management: Core Concepts

Financial Management: Core Concepts


Edition: 2nd
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portalgoal!portalgoal!
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7 years ago
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stranahan Author
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7 years ago
Thanks Smiling Face with Open Mouth and Tightly-closed Eyes
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