Allied Investment Fund Lends $200,000 for Each New Idea

question 50

Multiple Choice

Allied Investment Fund lends $200,000 for each new idea.The Fund's history is that it selects high-risk projects or ideas that hit 10% of the time.What rate of return must each successful project pay the Fund for it to break even?

• A)100%
• B)400%
• C)600%
• D)900%

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