What rate of return did receive on the investment

Reference no: EM13243932

An investor purchased 100 shares of Omega common stock for 10,000. He held the stock for nine years. For the first four years he received annual end-of-year dividends of $1,000. For the next four years he received annual dividends of $600. He received no dividend for the ninth year. At the end of the ninth year he sold his stock for $12,000. What rate of return did he receive on his investment?

Reference no: EM13243932

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