Your cousin Vance tells you that you can invest $15,000 in his business, and he will pay
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Question:
Your cousin Vance tells you that you can invest $15,000 in his business, and he will pay you back $25,000 in 2 years' time. What is the return on this investment?
A. 15.59%
B. 29.10%
C. 30.00%
D. 32.72%
E. 66.67%
Related Book For
Corporate Finance A Focused Approach
ISBN: 978-1439078082
4th Edition
Authors: Michael C. Ehrhardt , Eugene F. Brigham
Posted Date: