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Calculating Rate of Return. Assume that at the beginning of the year, you purchase an investment for $4,900 that pays $105 annual income. Also assume
Calculating Rate of Return. Assume that at the beginning of the year, you purchase an investment for $4,900 that pays $105 annual income. Also assume the investments value has increased to $6,300 by the end of the year. a. What is the rate of return for this investment? b. Is the rate of return a positive or negative number?
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