Question
eBook Expected Rate of Return Washington-Pacific (W-P) invests $3 million to buy a tract of land and plant some young pine trees. The trees can
| eBook Expected Rate of Return Washington-Pacific (W-P) invests $3 million to buy a tract of land and plant some young pine trees. The trees can be harvested in 15 years, at which time W-P plans to sell the forest at an expected price of $6 million. What is W-P's expected rate of return? Do not round intermediate calculations. Round your answer to two decimal places. % |
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Introduction To Estimating Economic Models
Authors: Atsushi Maki
1st Edition
0415589878, 978-0415589871
