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Joe purchased 100 shares of IBM stock $155 per share, received dividends of $1.00,1.25 and 1.60 in years 1 - 3 and sold the stock

Joe purchased 100 shares of IBM stock $155 per share, received dividends of $1.00,1.25 and 1.60 in years 1 - 3 and sold the stock at the end of year 3 for $192.50 per share. What rate of return did Joe earm? 23.62% 9.71% 12.84% 8.25%

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