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Dave bought a rental property for $990,000 cash. One year later, he sold it for $1,000,000. What was the return on his $990,000 investment? Note:

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Dave bought a rental property for $990,000 cash. One year later, he sold it for $1,000,000. What was the return on his $990,000 investment? Note: Negative amount should be indicated by a minus sign. Enter your answer as a percent rounded to 2 decimal places

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