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What is the rate of return for this investment

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Reference no: EM133146419

Question - Calculating Rate of Return - Assume that at the beginning of the year, you purchase an investment for $6,500 that pays $95 annual income. Also assume the investment's value has increased to $7,050 by the end of the year.

Required -

(a) What is the rate of return for this investment?

(b) Is the rate of return a positive or negative number?

Reference no: EM133146419

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