1. When buying a new piece of equipment for $16,980, and receive a cash inflow of $3,000 per year for 12 years. What is the internal rate of return?
2. Total return on both bonds and stocks is based on what two components? In paragraph format, describe the two components for the total return on bonds and the two components for the total return of stock. Explain why the calculations are similar.
3. Construct policy statement of mutual fund that includes return objectives, risk objectives, liquidity needs, time horizons, tax concerns, unique preferences, asset preferences?