The pension plan also invests in physical assets

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The pension plan also invests in physical assets. It is considering the purchase of an office building today. The asking price for the lot is $12 million. What is the annual yield (internal rate of return) of the investment if the purchase price is $12,000,000 today and the sale price 5 years later is $20,900,000?

Reference no: EM131986108

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