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Joshua bought a stock for $17 a share two years ago. The stock does not pay any dividends. Today Izzie sold the stock for $18.50
Joshua bought a stock for $17 a share two years ago. The stock does not pay any dividends. Today Izzie sold the stock for $18.50 a share. What was his internal rate of return on this investment? (please show work)
A.7.1%
B.6.2%
C.8.8%
D.4.3%
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