Explain why you must earn 10% on all income received from an investment during its holding period

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Explain why you must earn 10% on all income received from an investment during its holding period in order for its yield actually to equal the 10% value you’ve calculated.
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Fundamentals of Investing

ISBN: 978-0133075359

12th edition

Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk

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