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You just purchased an investment at a price of $5,400. Next year, you will receive a cash flow of $1,000 from holding the investment. In
You just purchased an investment at a price of $5,400. Next year, you will receive a cash flow of $1,000 from holding the investment. In the subsequent years, cash flows will grow at 5 percent for four years. What must your rate of return be?
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