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Assume that at the beginning of the year, you purchase an investment for $5,500 that pays $110 annual income. Also assume the investments value has

Assume that at the beginning of the year, you purchase an investment for $5,500 that pays $110 annual income. Also assume the investments value has increased to $6,400 by the end of the year.

(a)

What is the rate of return for this investment?

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