What was return on investment

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Reference no: EM131923718

Dave bought a rental property for $550,000 cash. One year later, he sold it for $530,000. Suppose Dave invested only $75,000 of his own money and borrowed $475,000 interest-free from his rich father. What was his return on investment? (Negative amount should be indicated by a minus sign. Enter your answer as a percent rounded to 2 decimal places.)

Return on investment %

Reference no: EM131923718

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