Question
In the beginning of 2017, Myra bought 200 shares of BAC Co. at $20.97 per share. She received the following dividends per share (end of
In the beginning of 2017, Myra bought 200 shares of BAC Co. at $20.97 per share. She received the following dividends per share (end of year). 2017 $0.39 2018 $0.54 2019 $0.66 Immediately after receiving the 2019 dividend, she sold the 200 shares for $32.17 per share. Her internal rate of return on this investment was
23.18%.
17.48%.
19.64%.
25.91%.
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Fundamentals Of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
Concise 10th Edition
1337902578, 978-1337902571
