Jennifer Lawrey invests the amount of $67 million today in a real estate project that he...
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Jennifer Lawrey invests the amount of $67 million today in a real estate project that he expects to sell in 6 years for the amount of $168 million. What rate of return, in percent, will be earned on this investment? r = 16.55 % Your answer should be in percentage form with 2 decimal places. That is, if the answer should be three point seven five percent, then the correct response is 3.75 not 0.0375. You should work your analysis to at least four decimal points of accuracy. Jennifer Lawrey invests the amount of $67 million today in a real estate project that he expects to sell in 6 years for the amount of $168 million. What rate of return, in percent, will be earned on this investment? r = 16.55 % Your answer should be in percentage form with 2 decimal places. That is, if the answer should be three point seven five percent, then the correct response is 3.75 not 0.0375. You should work your analysis to at least four decimal points of accuracy.
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Financial management theory and practice
ISBN: 978-0324422696
12th Edition
Authors: Eugene F. Brigham and Michael C. Ehrhardt
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