5) Suppose that you invested $6,000 dollars using the dollar-cost-averaging approach. Assume that on Feb-1-10, and on Feb-1-12, you purchased $3,000 worth of stock (each year). You then held the shares until they were sold on Feb-1-2014 (assume you received the dividend in all these years and dividends were reinvested). What is the ROI on your investment over the holding period (4 years)? _______________ Hint: create a spreadsheet of your cash flows and solve for the IRR. Note: you only get the $1.20 dividend in 2011 on the shares purchased in 2010. Assume that you get the $1.70 dividend on shares purchased in 2014 just before you sold those shares.

Year	Stock Price	Annual Dividends
1-Feb-10	$135
1-Feb-11	$140	$1.2
1-Feb-12	$130	$1.4
1-Feb-13	$155	$0.5
1-Feb-14	$165	$1.7