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An investment costs $250 now, yields $100 in 1 year and $200 in 2 years. You can reinvest the year 1 cash flow at only
An investment costs $250 now, yields $100 in 1 year and $200 in 2 years. You can reinvest the year 1 cash flow at only half the IRR (i.e. if IRR is 10%, you can only reinvest at 5%) the ann IRR is %?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
14th edition
1285867971, 978-1305480742, 1305480740, 978-0357686393, 978-1285867977
