What was internal rate of return on this investment

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Reference no: EM131618135

Alice bought 400 shares of ABC stock for $84.47 per share. She sold the stock exactly four years later for $94.61 per share. She also received an annual dividend at the end of each of the four years she owned the stock. The dividends were $1.52 at the end of Year 1, $1.66 at the end of Year 2, $1.81 at the end of Year 3, and $1.97 at the end of Year 4. She sold the stock the same day she received that last dividend payment. What was Alice's internal rate of return (IRR) on this investment?

Reference no: EM131618135

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