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Use a financial calculator or a program such as Excel to answer the questions. Round your answers to the nearest whole number a. You purchase
Use a financial calculator or a program such as Excel to answer the questions. Round your answers to the nearest whole number a. You purchase a stock for $9,000 and collect $500 at the end of each year in dividends. You sell the stock for $11,300 after four years. What was the annual return on your $9,000 investment? 9.95 b. You purchase a building for $900,000, collect annual rent (after expenses) of $120,000, and sell the building for $950,000 after three years. What is the animal return on this investment 13.39 c. You buy a stock for $1,000 and expect to sell it for $850 after four years but also expect to collect dividends of 5100 a year. Calculate the return on this investment and Drove that is less than 8 percent. 7.53
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