Assume that at the beginning of the year, you purchase an investment for $7,200 that pays $100
Question:
Assume that at the beginning of the year, you purchase an investment for $7,200 that pays $100 annual income. Also assume the investment’s value has decreased to $6,800 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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Step by Step Answer:
a Step 1 Subtract the investments initial value from the investments value at the end ...View the full answer
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ISBN: 978-1259720680
12th edition
Authors: Jack R. Kapoor, Les R. Dlabay, Robert J. Hughes, Melissa Hart
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