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Damien plans to buy a share at $120 and hold it for five years. During this period, he would receive average annual dividends of $4
Damien plans to buy a share at $120 and hold it for five years. During this period, he would receive average annual dividends of $4 a share. He expects to receive S145 at the end of the five-year period when he sells the share. What are the keystrokes used to calculate the rate of return on the investment? N -5, PV -120, PMT-4, FV 145 N = 5, PV = 120, PMT = 4, FV-145 N>5,PV=-145, PMT =-4, FV-120 N = 4, PV =-120, PMT-5, FV-145 Nr 4, PV-145, PMT = 5, FV-.120
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