Red Devil Investors has a success rate of one project for every four funded. Red Devil has

Question:

Red Devil Investors has a success rate of one project for every four funded. Red Devil has an average loan period of two years and requires a return of 25%. If you borrow from Red Devil, what is your annual cost of capital?

Portfolio
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...