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Person 1 a hedge fund manager tells you to invest in a new fixed income fund with a promised return of continuously compounded money over
Person 1 a hedge fund manager tells you to invest in a new fixed income fund with a promised return of continuously compounded money over the next 5 years. Person 2 tells you to invest $10M in a new product for a promised return of $15M in 5 years. What rate would Person 1's interest rate have to be to be a better return than Person 2? Please show all steps with clear writing, thank you!
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