Assume that at the beginning of the year, you purchase an investment for $7,000 that pays $100
Question:
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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Step by Step Answer:
a Step 1 Subtract the investments initial value from the investments value at the e...View the full answer
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Somshukla Chakraborty
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Related Book For 
Personal Finance
ISBN: 978-0077861643
11th edition
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
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