William owns one share of park stock
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)