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You Buy 1,000 Shares of Stock at $5

Question 37

Multiple Choice

You buy 1,000 shares of stock at $5.00 per share in January of 2004. You sell the stock at $7.50 per share in January of 2007. What is your internal rate of return (IRR) ?


A) 1.1447%
B) 14.47%
C) 18.00%
D) 87.36%

Correct Answer:

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