The Abel Company invested $100,000 in an investment that produced cash flows of $35,000 at the end
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The Abel Company invested $100,000 in an investment that produced cash flows of $35,000 at the end of the first year, $45,000 at the end of the second year, and $50,000 at the end of the third year.
If these are the only cash flows from this investment, what is Abel’s annual return on its investment?
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Authors: Frank J. Fabozzi, Pamela P. Peterson
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