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Category > Business & Finance Posted 03 Jun 2017 My Price 7.00

One year ago, you purchased

One year ago, you purchased a rare Indian-head penny for $14,000. Because of the recession and the need to generate current income, you plan to sell the coin and invest in Treasury bills. The Treasury bill yield now stands at 8 percent, although it was 7 percent one year ago. A coin dealer has offered to pay you $12,800 for the coin. Compute the holding period return on this investment

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Status NEW Posted 03 Jun 2017 11:06 AM My Price 7.00

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