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A colleague in your MBA class has approached you with a business idea. You think it is a fantastic idea and you decide to invest
A colleague in your MBA class has approached you with a business idea. You think it is a fantastic idea and you decide to invest in her business. She asks that you invest R250,000 in the business. In return she promises to pay you R3000 per annum forever. Would you take this deal if your opportunity cost of funds is 12%?
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To determine whether to take the deal we need to compare the return offered by the investment to you...
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Introduction To Financial Accounting
Authors: Anne Marie Ward, Andrew Thomas
9th Edition
1526803003, 978-1526803009
