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Assume You Purchase an Asset That Cost 6000 and Borrow

Question 2

Multiple Choice

Assume you purchase an asset that cost 6000 and borrow 40 % of the cost from a wealthy relative. After a year the asset is worth 7800 . What is your rate of return on your investment?


A) 50%
B) 30%
C) 7.5%
D) 60%
E) 5%

Correct Answer:

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