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In July of 2012, Taylor purchased 2,000 shares of XYZ common stock for $75,000. He the sold 1,000 shares of XYZ in July of 2013
In July of 2012, Taylor purchased 2,000 shares of XYZ common stock for $75,000. He the sold 1,000 shares of XYZ in July of 2013 for $39 per share. The remaining 1,000 shares were finally sold for $50 per share in July 2014. First, draw a cash flow diagram, and then answer the following questions. What was Taylor's internal rate of returnChoose ] (IRR) on this investment? What was Taylor's external rate of return (ERR) on this investment if the external reinvestment rate is 8% per year
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