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Billy owns one share of Disney stock. He purchased the share 3 years ago for $15. Disney stock is currently trading for $24 per share.

Billy owns one share of Disney stock. He purchased the share 3 years ago for $15. Disney stock is currently trading for $24 per share. The stock has paid the following dividends over the past three years: year 1, $1.00; year 2, $2.00; year 3, $3.00. What is the compounded rate of return (IRR) that Billy has earned on his investment?

		27.6%
		27.9%
		29.1%
		30.3%

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