What will be your holding period return on this investment

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Six months ago, you purchased a tract of land in an area where a new industrial park was rumored to be planned. This land cost you $110,000, and the seller offered you an interest- free loan for 70 percent of the land cost.

Today, the industrial park project was formally announced, and an attorney for the developer has just offered you $190,000 for your land. If you accept this offer, what will be your holding period return on this investment?

Reference no: EM131119654

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