Question: Please show all steps and/or calculations on how the answer was computed: You purchase a security for $5,000. If you expect to sell the security
Please show all steps and/or calculations on how the answer was computed:
You purchase a security for $5,000. If you expect to sell the security for $4,000 in 8 years.
What is the holding period return? (i.e, what is the total return over 8 years.)
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