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Joshua bought a stock for $17 a share two years ago.The stock does not pay any dividends.Today Izzie sold the stock for $18.50 a share.What was his internal rate of return on this investment?
Marginal Abatement Cost
Represents the cost associated with eliminating an additional unit of a negative output, such as pollution.
Emissions Permit
A legal right granted by a government to emit a certain amount of pollutants into the atmosphere; often used in cap and trade programs.
Refundable Deposit
An amount of money given as security for an item that is intended to be returned, with the promise of repayment.
Marginal Private Cost
The change in a firm's total costs that comes from making one additional unit, considering only private costs without externalities.
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