Question
A paper company invests $4m to clear a tract of land and plant some young pine trees. The trees will mature in 10 years, at
A paper company invests $4m to clear a tract of land and plant some young pine trees. The trees will mature in 10 years, at which time the forest will have a market value of $8m. What is the expected rate of return for the paper company's investment?
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Understanding Financial Risk Management
Authors: Angelo Corelli
1st Edition
0415746183, 978-0415746182
