You invest $8,418 in stock and receive $105, $108, $108, and $105 in dividends over...

70.2K

Verified Solution

Question

Finance

You invest $8,418 in stock and receive $105, $108, $108, and $105 in dividends over the following 4 years. At the end of the 4 years, you sell the stock for $12,500. What was the IRR on this investment?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students