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Consider $10,000 investments that involves the purchase of 500 shares of a $20 common stock that has a constant dividend yield of 7 percent each

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Consider $10,000 investments that involves the purchase of 500 shares of a $20 common stock that has a constant dividend yield of 7 percent each year. Consider an investor in the 28 percent tax bracket. The investor has the cash flow (per share) each year as indicated below. Assuming the investor sells the stock at $22.51 per share at the end of year 4 . What is the internal rate of return (IRR) for this investment? Please show your formula and steps. (10pte) Cash flow per share after considering taxes

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