Assume that on january 1 2015 you purchased an investment, Financial Management

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Assume that on january 1 2015 you purchased an investment

Assume that on January 1, 2015, you purchased an investment for $3,000. The investment pays you $200 on 12/31 of every year that you hold the security. On January 1, 2020, you sell the investment for $3,500. What is your rate of return? Round your answer to the nearest tenth of a percent.

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Financial Management: Assume that on january 1 2015 you purchased an investment

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