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You are a student at ABC University. You recently read in the school's daily newspaper about a terrific investment opportunity that promises to pay you
You are a student at ABC University. You recently read in the school's daily newspaper about a terrific investment opportunity that promises to pay you a 44 percent annual return on your investment. Although you do not understand the complicated nature of the investment, several of your friends are investing money. You have an extra $5,000 that you earned last summer that you would like to invest. Should you invest your $5,000? Why or why not?
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