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Thomas is thinking of investing in a fund run by Toowoomba Investment Co. Ltd. He will be required to invest 15 equal annual payments of
Thomas is thinking of investing in a fund run by Toowoomba Investment Co. Ltd. He will be required to invest 15 equal annual payments of $2,000, starting one year from today. If the required rate of return is 10.4% per annum, compounding weekly, then the present value of these payments is Select one: a. $14,012.77 o b. $14,655.23 O c. $14,871.03 d. $14,422.70 Lucia purchased some shares in Darling River Cotton Co. Ltd five years ago. The company has not paid dividends for the last 8 years. Lucia paid $1.20 per share when he purchased the shares. They are now trading at $2.10 per share. Lucia's average annual rate of return on her investment is Select one: a. -10.6% b.-11.8% O C. 10.6% d. 11.8%
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