Early in 2015, Maria bought shares of MBA Inc. at $27.85 per share. She received the following dividends per share (end of year). 2015 $1.50 2016 $2.00 2017 $2.50
Immediately after receiving the 2017 dividend, she sold the stock for $32.50 per share. Her internal rate of return on this investment was
A) 9.17%.
B) 10.25%.
C) 11.99%.
D) 13.85%.
Answer: C
Business
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