Your father paid $10,000 (CF at t = 0) for an investment that promises to pay $750 at the end of each of the next 5 years,then an additional lump sum payment of $10,250 at the end of the 5th year.What is the expected rate of return on this investment?
A) 7.93%
B) 3.16%
C) 10.08%
D) 8.39%
E) 8.83%
Correct Answer:
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