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your friend offered a chance to buy an asset for $5000 that is expected to produce cash flows of $850 at the end of year
your friend offered a chance to buy an asset for $5000 that is expected to produce cash flows of $850 at the end of year 1, $1,000 at the wnd lf year 2, $750 at the end of year 3, and $4,250 at the end of year 4. what rate of return is expected from the purchase of this asset?
a. 10.50%
b. 9.24%
c. 9.06%
d. 9.27%
e. 10.27%
d. 10.46%
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