Question
You lend a friend $10,000, which your friend will repay in 6 equal annual end-of-year payments of $2,000, with the first payment to be received
You lend a friend
$10,000,
which your friend will repay in
6
equal annual end-of-year payments of
$2,000,
with the first payment to be received 1 year from now. What rate of return does your loan receive?
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The Handbook Of Equity Derivatives
Authors: Jack Clark Francis, William W. Toy, J. Gregg Whittaker
1st Edition
0471326038, 978-0471326038
