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Business, 15.07.2020 04:01 obedomari

A 50 year old customer receives an inheritance of $1,000,000 which he places with an investment adviser to invest with the objective of safety of principal and a moderate level of income. As of the end of the first year, the portfolio is worth $1,300,000. As of the end of the second year, the portfolio is worth $1,200,000. Ignoring compounding, the approximate annual return on investment is:

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A 50 year old customer receives an inheritance of $1,000,000 which he places with an investment advi...

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