Question
An investment of $90 today is expected to return $110 in one year. The risk-free rate for one year is 4% and the risk premium
An investment of $90 today is expected to return $110 in one year. The risk-free rate for one year is 4% and the risk premium for projects of equivalent risk is 6%. What is the project IRR?
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Cost Of Capital Applications And Examples
Authors: Shannon P. Pratt, Roger J. Grabowski, Richard A. Brealey
5th Edition
1118555805, 9781118555804
