1. A short sale means that investor:
A) bought the stock and sold it within three hours after purchase.
B) purchased security, holds it for the period less than one year, and sold it.
C) borrows the stock, sold it, bought it back later, and replaced the borrowed shares.
D) short sale does not exist. This is an expression from the Saturday Night Life show.
E) contacted the broker and ordered to buy 100 shares within a short period of time.
2. What is the internal rate of return for a project that requires an initial investment of $14,600 and generates a single cash inflow of $25,750 in 5 years?
a. 10 percent b. 12 percent c. 15.3 percent d. 13.1 percent
How to solve this problem using excel and with formula?