Question
Investments with Single Rate of Return: Assume that you have the opportunity to buy a piece of land today for $100,000 and expect to sell
Investments with Single Rate of Return: Assume that you have the opportunity to buy a piece of land today for $100,000 and expect to sell it for $350,000 at the end of 25 years. What is your rate of return (annual compounding) on this investment?
NOTE - Enter your answer as a percentage instead of a decimal.
Ex: (1% instead of 0.01).
Round to the nearest two-decimal-places.
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Handbook Of The Equity Risk Premium
Authors: Rajnish Mehra
1st Edition
0444508996, 978-0444508997
