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Determine the internal rate of return on this investment

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Question - In the beginning of 2019, Lisa bought 100 shares of Target Co. at $73 per share. She received the following dividends per share (end of year).

2019 $2.60

2020 $2.68

2021 $3.16

Immediately after receiving the 2021 dividend, she sold the 100 shares for $220 per share. Determine the internal rate of return on this investment?

Reference no: EM133164167

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