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I need help solving this please. 1). Asset A was purchased nine months ago for $25,000 and has generated $2,000 cash flow during that period.
I need help solving this please.
1). Asset A was purchased nine months ago for $25,000 and has generated $2,000 cash flow during that period. What is the asset's rate of return if it can be sold for $28,000 today?
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