Mila Purchased an Investment for $1,000 Her Internal Rate of Return Was
A) 10

question 52

Multiple Choice

Mila purchased an investment for $1,000. It generated the following stream of cash flows. $$\begin{array} { | l | l | } \hline \text { End of year 1 } & \$ 500 \\\hline \text { End of year } 2 & \$ 400 \\\hline \text { End of year 3 } & \$ 300 \\\hline\end{array}$$ Her internal rate of return was

• A) 10.65%.
• B) 6.67%
• C) 9.70%
• D) 8.90%.

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Definitions:

Moral Development Theory

A framework that explores how individuals learn to differentiate right from wrong and develop ethical behavior and attitudes as they grow.

Moral Development Theory

A framework that explains the evolution of human morality and ethical behavior through different stages of life, primarily associated with psychologist Lawrence Kohlberg.

Preconventional

A stage in Kohlberg's theory of moral development where behavior is motivated by anticipation of pleasure or pain rather than by societal rules or conventions.

Conventional

Pertaining to methods or practices that are widely accepted and used, typically because they have been established over time.