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Sandy purchased 100 shares of common stock for $60 each. She held the stock for five years and then sold it for $85 per share.
Sandy purchased 100 shares of common stock for $60 each. She held the stock for five years and then sold it for $85 per share. The stock paid a dividend of SI per share at each quarter end over that five year period. What is the IRR on this investment? (2 pts.)
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