Question
You bought $3,500 worth of stock at the beginning of 2015 and sold it for $4,730 at the end of 2019. During the period 2015-2019
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You bought $3,500 worth of stock at the beginning of 2015 and sold it for $4,730 at the end of 2019. During the period 2015-2019 you also received year-end dividends of $70 for each year (including 2015 and 2019). What is your investment's rate of return? [Hint: use the IRR function]
10.19%
7.69%
9.62%
7.99%
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
6th Edition
125991965X, 978-1259919657
