Question

William owns one share of park stock.  He purchased the stock 3 years ago for $17.50.  The stock is currently

trading for $40 per share.  The stock has paid the following dividends over the past 3 years: Year 1 $1.00, Year 2 $2.00, Year 3 $3.00.  What is the compounded rate of return ( IRR)

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