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Question 22 (3 points) An investment costs $1,000 (CF at T = 0) and is expected to produce cash flows of $50 at the end

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Question 22 (3 points) An investment costs $1,000 (CF at T = 0) and is expected to produce cash flows of $50 at the end of each of the next 5 years, then an additional lump sum payment of $1,000 at the end of the 5th year. What is the expected rate of return on this investment? a) 6.71% b) 7.47% c) 5.53% d) 5.00%

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