Multiple Choice
Allied Investment Fund lends $200,000 for each new idea.The Fund's history is that it selects high-risk projects or ideas that hit 10% of the time.What rate of return must each successful project pay the Fund for it to break even?
A) 100%
B) 400%
C) 600%
D) 900%
Correct Answer:
Verified
Correct Answer:
Verified
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