Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn

Exercise 5

Tammy can buy an asset this year for $1,000. She is expecting to sell it next year for $1,050. What is the asset's anticipated percentage rate of return?
A) 0 percent.
B) 5 percent.
C) 10 percent.
D) 15 percent.