Question 16
You discover an antique in your attic that your father purchased 30 years ago for Rs 400. You auction it and receive Rs 80,000 for this item today. What is the annualized rate of return that you earned?
6.67%
11.67%
19.32%
26.54%
You discover an antique in your attic that your father purchased 30 years ago for Rs 400. You auction it and receive Rs 80,000 for this item today. What is the annualized rate of return that you earned?
6.67%
11.67%
19.32%
26.54%
Correct answer
19.32%
Question 16 of 25 in the IIT Madras BS Corporate Finance (Corporate Finance) Quiz 1 paper sat on 27 Oct 2024, in the September 2024 term (IIT M DEGREE AN EXAM QDB2 27 Oct 2024). It carries 4 marks.