Question
Your father paid $10,000 (cash flow occurs at t=0) for an investment that promises to pay $850 at the end of each of the next
Your father paid $10,000 (cash flow occurs at t=0) for an investment that promises to pay $850 at the end of each of the next 5 years, then an additional lump sum payment of $12,000 at the end of the 5th year. What is the expected rate of return on this investment?
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The Oxford Handbook Of Private Equity
Authors: Douglas Cumming
1st Edition
0195391586, 978-0195391589
