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1. Suppose we invest $500 in Public Storage REIT stock and hold it for three years. Our dividends are as follows: $40, $43, and $48.
1. Suppose we invest $500 in Public Storage REIT stock and hold it for three years. Our dividends are as follows: $40, $43, and $48. We sell the stock at the end of the holding period and on our last dividend date for $560. What is our annual return using IRR?
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