Assume that on 1112 you purchased an investment for 3000, Financial Management

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Assume that on 1112 you purchased an investment for 3000

Assume that on 1/1/12 you purchased an investment for $3000. The investment pays you $200 on 12/31 of every year that you hold the security. On 1/1/17 you sell the investment for $3500. What is your rate of return? Round your answer to the nearest tenth of a percent (e.g. 33.3%).

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Financial Management: Assume that on 1112 you purchased an investment for 3000

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