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Your father paid $10,000 (CF at t = 0) for an investment that promises to pay $875 at the end of each of the next

Your father paid $10,000 (CF at t = 0) for an investment that promises to pay $875 at the end of each of the next 5 years, then an additional lump sum payment of $9,250 at the end of the 5th year. What is the expected rate of return on this investment?

a. 8.19%
b. 9.46%
c. 6.38%
d. 7.46%
e. 8.75%

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