Question
A venture is expected to have an exit value of $20,000,000 five years from now. If venture investors invest $1,000,000 now, and expect a 20%
A venture is expected to have an exit value of $20,000,000 five years from now. If venture investors invest $1,000,000 now, and expect a 20% compounded rate of return on their investment, what portion of the exit value would they need?
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Multinational Financial Management
Authors: Alan C Shapiro, Paul Hanouna
11th Edition
1119559901, 9781119559900
