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Assume that at the beginning of the year, you purchase an investment for $6,800 that pays $34 annual income. Also assume that the investment's value
Assume that at the beginning of the year, you purchase an investment for $6,800 that pays $34 annual income. Also assume that the investment's value has increased to $7,000 at the end of the year. 1 (a) What is the rate of return for this investment? (Enter your answer as a percent rounded to 2 decimal places.) Rate of return eBook (b) Is the rate of return a positive or negative number? Positive Negative
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