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2.24. Hugh Kendrick is considering three different investments: (a) One paying 7% compounded quarterly. (b) One paying 7.1% compounded annually. (c) One paying 6.9% compounded

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2.24. Hugh Kendrick is considering three different investments: (a) One paying 7% compounded quarterly. (b) One paying 7.1% compounded annually. (c) One paying 6.9% compounded continuously. Which has the highest IRR? 2.25. Tom Kendrick is considering two investments with cash flows What is the IRR? Give an explanation of these cash flows in terms of everyday experiences, starting with "If I borrow

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