Solved: What was the rate of return on the investment, Microeconomics

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What was the rate of return on the investment

Problem

An investment of $5000 in Biotech common stock proved to be very profitable. At the end of 3 years the stock was sold for $25000. What was the rate of return on the investment?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What was the rate of return on the investment

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