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Dave bought a rental property for $550,000 cash. One year later, he sold it for $530,000. What was the return on his $550,000 investment? (Negative

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Dave bought a rental property for $550,000 cash. One year later, he sold it for $530,000. What was the return on his $550,000 investment? (Negative amount should be indicated by a minus sign. Enter your answer as a percent rounded to 2 decimal places.) Return on investment 3.64 %

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