Question
You purchased 300 shares of Apple Computer on January 1, 2005, at a price of $86.33. On January 1, 2012, you sold your Apple shares
You purchased 300 shares of Apple Computer on January 1, 2005, at a price of $86.33. On January 1, 2012, you sold your Apple shares for $96,945.
What is the internal rate of return on this investment?
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ANSWER IS To calculate the internal rate of return IRR on this inv...
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Cornerstones of Financial and Managerial Accounting
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
2nd edition
978-0538473484, 538473487, 978-1111879044
