Your father paid $10,000 (CF at t = o) for an investment that promises to pay $650 at the end of each of the next 5 years, then an additional lump sum payment of $12,250 at the end of the 5th year. What is the expected rate of return on this investment? a. 10.17% b. 6.50% c. 5.31% d. 10.83% e. 9.16%

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Your father paid $10,000(CF at t=o ) for an investment that promises to pay $650 at the end of each of the next 5 years, then an additional lump sum payment of $12,250 at the end of the 5 th year. What is the expected rate of retum on this investment? a. 10.17% b. 6.50m c.5.31\% d. 10man e. 9.16K