You bought a racehorse that has had a winning streak for


You bought a racehorse that has had a winning streak for six years, bringing in $250,000 at the end of each year before dying of a heart attack. If you paid $1,155,720 for the horse 4 years ago, what was your annual return over this 4-year period?

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Finance Basics: You bought a racehorse that has had a winning streak for
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