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A publicly traded consulting engineering firm has a retirement plan wherein the company will match an employee’s stock purchases up to $ 5,000 per year, provided the employee has been with the firm for at least 10 years. If an employee hired 10 years ago purchases stock in the maximum amount of time he started, (a) what is the rate of return on his money if the value of of his retirement round is now $ 150,000? (b) What is the rate of return on the total invested?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91376675

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