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This is a very active residential real estate market and based on the compound growth rate of almost 8% over the past seven years, the trend is likely to continue. By the end of his six-year tenure in 2001 the exchange was a new place, achieving a compound growth rate of 80-plus percent, increased productivity of at least 50 percent, and 15 times as many seats on the exchange. When you hear CNBC talking about the compound growth rate of a stock they mean the exponential rate of growth over several years. |
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