4 You are planning to purchase 2,000 common shares of Shopify Ltd. for $60.00 each. You expect that Shopify will pay you a dividend of $4.00 per share for the next seven years (end of year). You plan on selling the shares after seven years for $80.00 each. What is your annual rate of return on this investment? Multiple Choice O 10.16% None of the above 9.43% 11.59% 4 o

You are planning to purchase 2,000 common shares of Shopify Ltd. for $60.00 each. You expect that Shopify will pay you a dividend of $4.00 per share for the next seven years (end of year). You plan on selling the shares after seven years for $80.00 each. What is your annual rate of return on this investment? Multiple Choice 10.16% None of the above 9.43% 11.59%