An investor is investing an amount of 300 on day 1 and receives the following cash flows
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Question:
An investor is investing an amount of 300 on day 1 and receives the following cash flows ever six months.:
Period in Years | Cash flow |
0.5 | 40 |
1 | 50 |
1.5 | 50 |
2 | 70 |
2.5 | 100 |
3 | 100 |
What is the IRR on this investment? [Given half yearly cash flows expectation on return is half yearly compounding]
Related Book For
International Financial Reporting A Practical Guide
ISBN: 978-1292200743
6th edition
Authors: Alan Melville
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