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You invest $9,724 in stock and receive $105, $114, $114, and $105 in dividends over the following 4 years. At the end of the 4
You invest $9,724 in stock and receive $105, $114, $114, and $105 in dividends over the following 4 years. At the end of the 4 years, you sell the stock for $13,000. What was the IRR on this investment? The IRR on this investment is %. (Round to the nearest whole percent.)
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