Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
4. The internal rate of return
The “Arctic Express” mutual fund company invests its monies in Russia. They
claim that money invested with them will quadruple in value over the next 10 years.
Suppose you decide to invest $200 per month for the next 10 years in this fund. If
their claim is true, what effective annual rate of return (IRR) will you have earned in
this fund?
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