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30 votes
30 votes
Clay paid $22,000 for a building lot in a subdivision with the intent to build a houselater. However, he got a promotion that required him to move, and he only was able tosell the lot two years later for $19,500. What was his holding period return?

User DynamicallyCRM
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1 Answer

10 votes
10 votes

Given:

Value at the start of the holding period is $ 2200.


P_n=22000

Value at the end of the holding period is $ 19500.


P_(n+1)=19500

User AAV
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