Question
You recently paid $13,500 for an investment that promises to pay $675 at the end of each of the next 6 years, then an additional
You recently paid $13,500 for an investment that promises to pay $675 at the end of each of the next 6 years, then an additional lump sum payment of $19,500 at the end of the 6th year. What is the expected rate of return on this investment?
| a. | 6.1% | |
| b. | 8.0% | |
| c. | 10.7% | |
| d. | 10.2% | |
| e. | 9.5% |
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Fundamentals Of Corporate Finance
Authors: Stephen A Ross, Randolph W Westerfield, Bradford D Jordan
7th Edition
0073134295, 9780073134291
