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Sam smith invested 17000 in anchor insurance company at the

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Sam Smith invested $17,000 in Anchor Insurance Company. At the endof the year, Smith's investment was worth $19,500 becasue ofearnings during the year. Anchor paid Smith's $3,000 at the end ofthe year. What was Smith's return oninvestment (in dollars) for the year? what was his returnof investment (in dollars) for the year?Did Anchor Insurance Company maintain its capital as a resul ofthese events? Explain.

Reference no: EM13614014

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