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Window Help VCU R PRINTING.pdf Q 1 ed Search Exam #1 Spring Semester 2019 Name:...

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Window Help VCU R PRINTING.pdf Q 1 ed Search Exam #1 Spring Semester 2019 Name: Question #1 (20 Points) You are looking to lease a 2019 Subaru Forester. You have found a 36-month closed end lease on a Forester with an MSRP of $25,270 and a lease end purchase option of $15,667 (residual value). To get the lease you have to pay a fee of $1,765 due at signing, and the monthly payment was calculated to be $265. A) What is the nominal rate of return the dealership is earning on the lease? (Hint: think of the cash flows from the dealerships prospective)

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