An investment firm is selling a new product that will pay $100 at the end of each
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Question:
An investment firm is selling a new product that will pay $100 at the end of each of the next 20 years. If the new investment costs $1,246 to purchase,
what is its internal rate of return (IRR)?
Related Book For
Fundamentals Of Corporate Finance
ISBN: 9780135811603
5th Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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