Stuff, Inc. agrees to pay $200,000 today and $80,000 four years from today in exchange for $300,000 two years from today. What is the positive yield rate for this four year financial arrangement? (Leave your answer to decimal form, round it to 3 decimal places)

Stuff, Inc. agrees to pay $200,000 today and $80,000 four years from today in exchange for $300,000 two years from today. What is the positive yield rate for this four year financial arrangement? (Leave your answer to decimal form, round it to 3 decimal places)

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 9P

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Stuff, Inc. agrees to pay $200,000 today and $80,000 four years from today in
exchange for $300,000 two years from today. What is the positive yield rate for
this four year financial arrangement? (Leave your answer to decimal form, round it
to 3 decimal places)

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