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. The internal rate of return (irr) calculation assumes that a projects cash flows are reinvested at the irr; the modified internal rate of return
. The internal rate of return (irr) calculation assumes that a projects cash flows are reinvested at the irr; the modified internal rate of return (mirr) assumes cash flows are reinvested at a projects ____________.
| a. | MIRR |
| b. | WACC |
| c. | Yield to Maturity |
| d. | CAPM Rate of Return
19. Microsoft has a beta of 1.34. The U.S. 10-year treasury bond rate is 3%, and the market risk premium is 5%. Using the CAPM model, what is the expected return of Microsoft? |
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