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Suppose it is now January 1, 2020, and you just sold an investment for $25,000. You purchased the investment five years ago for $18,000. During
Suppose it is now January 1, 2020, and you just sold an investment for $25,000. You purchased the investment five years ago for $18,000. During the time you held the investment, it paid income equal to $1,800 each year. What is the 5-year holding period yield that you earned on your investment? Show your work.
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