Answered: Shawna bought an antique table for $200…

Shawna bought an antique table for $200 last year and is now selling it for $250. Her rate of return on the table is Multiple Choice 10 percent. 20 percent. 25 percent. 30 percent.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter16: The Markets For Labor, Capital, And Land

Section: Chapter Questions

Problem 12P

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Question

Shawna bought an antique table for $200 last year and is now selling it for $250. Her rate of return on the table is

Multiple Choice

10 percent.
20 percent.
25 percent.
30 percent.

Definition Definition Percentage gain or loss from a specific investment over time. The rate of return is the difference between the closing and initial values of an investment divided by the initial value of the investment. The closing value includes any intermediate cash flows such as dividends or interest amounts.

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