Multiple Choice
JT purchases 1,000 shares of stock at $2.48 per share in January 2006. He sells the 1,000 shares in January 2010 for $5.50 per share. What is his internal rate of return?
A) 22.03%
B) 2.03%
C) 3.22%
D) 2.33%
Correct Answer:
Verified
Correct Answer:
Verified
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