Josef Samir is an investor in the Egyptian Exchange (EGX). He invests E5,000 (Egyptian pound) in a
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Josef Samir is an investor in the Egyptian Exchange (EGX). He invests E£5,000 (Egyptian pound) in a cement company and receives dividends of E£65, 75, 76, and 76 over the next four years. At the end of the four years, he sells the stock for E£8,000. What is the IRR on this investment?
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IRR is that discount rate for which NPV 0 It has to be found out by trial and erro...View the full answer
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Related Book For 
Fundamentals Of Investing
ISBN: 9780135175217
14th Edition
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
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