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Kevin owns 1 share of Acme, Inc. stock. He purchased the stock three years ago for $ 2 7 . The stock is currently trading
Kevin owns share of Acme, Inc. stock. He purchased the stock three years ago for $ The stock is currently trading for $ per share. The stock has paid the following dividends over the past three years.
Year $
Year $
Year $
What is the compounded rate of return IRR that Kevin has earned on this investment?
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