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You purchase a building for $5,000,000 and lease it to a tenant that pays you $200,000 per year for 10 years. At the end of
- You purchase a building for $5,000,000 and lease it to a tenant that pays you $200,000 per year for 10 years. At the end of 10 years, you sell the building and receive $7,500,000. What is your rate of return for the entire 10 years (disregard other operating and transaction costs)?
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