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You Are Considering Investing in a Security That Will Pay

Question 25

Multiple Choice

You are considering investing in a security that will pay you $80 in interest 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:

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