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Question #2: (Based on previous SOA exam question) Mike pays 264.46 today and receives cash flow of 200 in one year, and 100 in two

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Question #2: (Based on previous SOA exam question) Mike pays 264.46 today and receives cash flow of 200 in one year, and 100 in two years. Calculate the yield rate (IRR) of this investment. (A) 10% (B) 11% (C) 12% (D) 13% (E) 14%

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