Question
Alice lends $200,000 for each new idea. Alice's history is that she selects low-risk projects or ideas that hit 50% of the time. What rate
Alice lends $200,000 for each new idea. Alice's history is that she selects low-risk projects or ideas that hit 50% of the time. What rate of return must each successful project pay Alice for her to break even?
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Financial Institutions Management A Risk Management Approach
Authors: Anthony Saunders, Marcia Millon Cornett
9th edition
1259717771, 1259717772, 9781260048186, 1260048187, 978-1259717772
