Assume that at the beginning of the year, you purchase an investment for$4,900 that pays $105 annual
Question:
Assume that at the beginning of the year, you purchase an investment for$4,900 that pays $105 annual income. Also assume the investment’s value has increased to$6,300 by the end of the year.
a. What is the rate of return for this investment?
b. Is the rate of return a positive or negative number?
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a Step 1 Subtract the investments initial value from the investments value at the end of the ...View the full answer
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Related Book For
Personal Finance
ISBN: 978-1259720680
12th edition
Authors: Jack R. Kapoor, Les R. Dlabay, Robert J. Hughes, Melissa Hart
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