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7) An investment without any initial outlay promises to pay $100 one year from today, $200 two years from today, and $300 three years from
7) An investment without any initial outlay promises to pay $100 one year from today, $200 two years from today, and $300 three years from today. If the required rate of return is 14 percent, compounded annually, the internal rate of return for this investment today is: a. 15.2% b. 24.9% c. 23.6% d. Closest to infinity
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
18th Edition
126409762X, 9781264097623
