Someone offers to sell to you a financial contract that will pay $150 at the end...
Someone offers to sell to you a financial contract that will pay $150 at the end of each of the next five years, plus an additional $500 at the end of the fifth year. If they will sell the contract for $950, what rate of return are they offering on the investment?
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7.7% |
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9.6% |
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10.7% |
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31.6% |
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insufficient information to estimate a return rate |
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Someone offers to sell to you a financial contract that will pay
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