Question
Blue Angel Investors has a success ratio of 10% with its venture funding. Blue Angel requires a rate of return of 21.6% for its portfolio
Blue Angel Investors has a success ratio of
10%
with its venture funding. Blue Angel requires a rate of return of
21.6%
for its portfolio of lending, and the average length on its loans is
5
years. If you were to apply to Blue Angel for a
$109,000
loan, what is the annual percentage rate you would have to pay for this loan?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
Concise 6th Edition
324664559, 978-0324664553
