Question
Assume that at the beginning of the year, you purchased an investment for $5,000. During the year, you received $75 in dividend income. By year
Assume that at the beginning of the year, you purchased an investment for $5,000. During the year, you received $75 in dividend income. By year end, the investment's value has increased to $5,275. Calculate the annual Rate of Return (Percent) for this investment.
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Personal Finance Building Your Future
Authors: Robert Walker, Kristy Walker
2nd Edition
0077861728, 9780077861728
