Question: Although a two-year project had returned 15% in its first year, overall it lost twothird of its value. What was the project's rate of return

Although a two-year project had returned 15% in its first year,

Although a two-year project had returned 15% in its first year, overall it lost twothird of its value. What was the project's rate of return after the first year? (Give your answer in decimals)

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