Question
An investment costs $5,568 (CF at T = 0) and is expected to produce cash flows of $1,000 at the end of each of the
An investment costs $5,568 (CF at T = 0) and is expected to produce cash flows of $1,000 at the end of each of the next 6 years, then an additional lump sum payment of $1,500 at the end of the 6th year. What is the expected rate of return on this investment?
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A Study In Public Finance
Authors: A. C. Pigou
1st Edition
1443722766, 978-1443722766
