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A friend wants to borrow $20,000 to invest in the stock market and agrees to return $50,500 at the end of the fourth year from
A friend wants to borrow $20,000 to invest in the stock market and agrees to return $50,500 at the end of the fourth year from today. What is the yield to you? a. 26.06% b. 32.15% c. 21.99 % d. 10.90 %
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