Alberta-Timber invests $4 million to clear a tract of land and to set out some young pine

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Alberta-Timber invests $4 million to clear a tract of land and to set out some young pine trees. The trees will mature in 10 years, at which time Alberta-Timber plans to sell the forest at an expected price of $8 million. What is Alberta-Timber's expected rate of return?
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Financial Management Theory and Practice

ISBN: 978-0176517304

2nd Canadian edition

Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason

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