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Salary for a permanent research scientist

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Lakeside Cancer Research Institute just received a $2.5 million gift to cover the salary for a permanent research scientist in perpetuity to study Hodgkin's disease. What would be the required rate of return on the investment if the position paid an annual salary of $75,000? Show your work.

Reference no: EM132185331

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Salary for a permanent research scientist : Lakeside Cancer Research Institute just received a $2.5 million gift to cover the salary for a permanent research scientist in perpetuity to study Hodgkin
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