Question
Question 17 [5 pts] Suppose that you have $1,000 in hand and can borrow and lend at 10% per year without restriction. Additionally, you have
Question 17 [5 pts]
Suppose that you have $1,000 in hand and can borrow and lend at 10% per year without restriction. Additionally, you have come across an investment opportunity, which costs you $7,000 today and will return $11,000 in one year. Find out the total value of your wealth in one year from today.
Answer (show the steps/calculation toward your answer):
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A Guide To Starting Your Hedge Fund
Authors: John Thompson, Erik Serrano Berntsen
1st Edition
0470519401, 978-0470519400
