Question: TRUE OR FALSE Venture capital fund X makes a $2 million dollar investment. 8 years later the firm liquidates its investment for $3 million. The
TRUE OR FALSE
Venture capital fund X makes a $2 million dollar investment. 8 years later the firm liquidates its investment for $3 million. The IRR of the investment is less than 4.9%.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
