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Saint Mary's Is Offered a Contract, Which Requires an Immediate

Question 50

Multiple Choice

Saint Mary's is offered a contract, which requires an immediate investment of $25 million. The estimated returns are $5 million per year for 20 years. Compute the rate of return.


A) 19.42%
B) 99.9%
C) 7.75%
D) 12.45%
E) 13.79%

Correct Answer:

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