4. An investor bought shares of Exxon Mobile (XOM) stock at the beginning of 2021 for $45 per share and received the following dividends: 2021: $3.49 2022: $3.55 2023: $3.70 Immediately after receiving the 2023 dividend, the investor sold the shares for $115. What was the compound annual return (or internal rate of return) received by the investor? For simplicity, please assume all dividends are received at the end of the year. You may consider the purchase to be at Year 0 and the first dividend to be Year 1.

4. An investor bought shares of Exxon Mobile (XOM) stock at the beginning of 2021 for $45 per share and received the following dividends: 2021:$3.49 2022:$3.55 2023:$3.70 Immediately after receiving the 2023 dividend, the investor sold the shares for $115. What was the compound annual return (or internal rate of return) received by the investor? For simplicity, please assume all dividends are received at the end of the year. You may consider the purchase to be at Year 0 and the first dividend to be Year 1