Question
An investment that provides annual cash flows of $32,100 for 7 years costs $98,500 today. At what rate would you be indifferent between accepting the
An investment that provides annual cash flows of $32,100 for 7 years costs $98,500 today. At what rate would you be indifferent between accepting the investment and rejecting it?
| A. | 21.48 percent | |
| B. | 24.04 percent | |
| C. | 19.10 percent | |
| D. | 27.72 percent | |
| E. | 26.19 percent |
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ISE Essentials Of Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus
12th International Edition
1265450099, 9781265450090
