Question
Suppose you bought an investment for $100 and held it for 2years. You made the following returns: Year 1: r1=100% and Year 2: r2=50%. Q:
Suppose you bought an investment for $100 and held it for 2years. You
made the following returns: Year 1: r1=100% and Year 2: r2=50%.
Q: What was your average return?
Q: Whats your investment worth at t=2?
Using TVM, what is the return that gets you from the PV=$100 to
the FV2=$100?
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Financial Management Principles And Practice
Authors: Timothy J. Gallagher, Joseph D. Andrew
3rd Edition
0131768824, 978-0131768826
