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7. In 2018, the listed price of the house was $8.5 million. In July 2020 the house was sold to $4.7 million. Calculate the
7. In 2018, the listed price of the house was $8.5 million. In July 2020 the house was sold to $4.7 million. Calculate the compound rate of this reduction in price. (The rate should be calculated to two decimals. Round the number of years to the whole number). Please explain your answer.
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Venture capital and the finance of innovation
Authors: Andrew Metrick
2nd Edition
9781118137888, 470454709, 1118137884, 978-0470454701
