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Maria purchased 100 shares in a mutual fund for $30 per share 5 years ago. She has never made an additional investment in this fund
Maria purchased 100 shares in a mutual fund for $30 per share 5 years ago. She has never made an additional investment in this fund but because of reinvested dividends and capital gains, she now owns 160 shares with a net asset value of $50 per share. Ignoring taxes, her annual internal rate of return (IRR) is?
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