Multiple Choice
You are considering investing in a security that will pay you $80 in interest-only at the end of each of the next 10 years.If this security is currently selling for $588.81,then the IRR for investing in this security is closest to:
A) 6.0%.
B) 7.0%.
C) 6.5%.
D) 5.0%.
Correct Answer:
Verified
Correct Answer:
Verified
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