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Kevin owns one share of Acme stock. He purchased the stock 3 yr ago for $25.00. The stock is currently trading at $29.50 per share.

Kevin owns one share of Acme stock. He purchased the stock 3 yr ago for $25.00. The stock is currently trading at $29.50 per share. The stock has paid the following dividends over the past 3 yr. Year 1-$1.50 Year 2- $2.00 Year 3-$2.50. What is the compounded rate of return (IRR) on this investment?

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