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Evaluate the following project using an IRR criterion, based on a 10% opportunity cost of capital: CFO = -$6,000 CF1 = $3,300 CF2 - $3,600

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Evaluate the following project using an IRR criterion, based on a 10% opportunity cost of capital: CFO = -$6,000 CF1 = $3,300 CF2 - $3,600 O Reject; because the IRR exceeds the opportunity cost Accept; because the opportunity cost exceeds the IRR Reject; because the opportunity cost exceeds the IRR Accept: because the IRR exceeds the opportunity cost Question 27 4 pts What is the coupon rate for a bond with a face value of $1,000, 5 years to maturity, a current price of $955.48, and a yield to maturity of 4%? 6% 4% 59% 3%

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