Hub Collins has invested in a project that promised to pay $100, $200, and $300, respectively, at

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Hub Collins has invested in a project that promised to pay $100, $200, and $300, respectively, at the end of the next three years. If Hub paid $513.04 for this investment, what is the project's internal rate of return?

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Fundamentals of Investments

ISBN: 978-0132926171

3rd edition

Authors: Gordon J. Alexander, William F. Sharpe, Jeffery V. Bailey

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Question Posted: Mar 16, 2016 02:55 AM

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Hub Collins has invested in a project that promised to pay $100, $200, and $300, respectively, at

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The IRR of an investment is the interest rate R that equates the ...View the full answer

Fundamentals of Investments

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