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An investor bought 7 0 shares of stock at a cost of $ 1 1 per share. He held the stock for 1 4 years

An investor bought 70 shares of stock at a cost of $11 per share. He held the stock for 14 years and then sold it for a total of $3080 For the first two years, he received no dividends. For each of the next six years, he received total dividends of $60 per year. For the remaining period, he received total dividends of $120 per year. What rate of return did he make on the investment?

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