The market where existing securities are sold is:     a the primary market   b the secondary market   c the economic market   d the financial market You bought an asset for $10,000 and sold it for $20,000 after 10 years. What was the annual rate of return on this investment?​ (Choose the closest rate)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The market where existing securities are sold is:

 

  a

the primary market

  b

the secondary market

  c

the economic market

  d

the financial market

You bought an asset for $10,000 and sold it for $20,000 after 10 years. What was the annual rate of return on this investment?​

(Choose the closest rate)

 

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