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Suppose you purchase an investment at a price of $4000. This investment will generate 2000 in year 1, 1500 in year 2, and 1000 in
Suppose you purchase an investment at a price of $4000. This investment will generate 2000 in year 1, 1500 in year 2, and 1000 in year 3. What is the implied interest rate? [Express your answer as a percentage. Round your answer to the nearest one-hundredth percentage point. For example, write 5.34 for 5.34%.Suppose you purchase an investment at a price of $4000. This investment will generate 2000 in year 1, 1500 in year 2, and 1000 in year 3
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