Question
$9,000,000.00 is invested at the beginning of September. On September 24 $40,000.00 is withdrawn from the same account. At the end of September the account
$9,000,000.00 is invested at the beginning of September. On September 24 $40,000.00 is withdrawn from the same account. At the end of September the account is worth $8,370,000.00. The cash-flow adjusted rate of return for September is
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Foundations Of Financial Management
Authors: Stanley Block
8th Canadian Edition
0070965447, 9780070965447
