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Assume that at the beginning of the year, you purchase an investment for $ 5 , 2 6 0 that pays $ 1 1 6
Assume that at the beginning of the year, you purchase an investment for $ that pays $ annual income. Also assume the investments value has decreased to $ by the end of the year.
What is the rate of return for this investment?
Is the rate of return a positive or a negative number?
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