Question: PLEASE SHOW HOW YOU DID IT USING A FINANCIAL CALCULATOR Gennaro purchased a stock for $24 which paid $2.00 at the end of each year
PLEASE SHOW HOW YOU DID IT USING A FINANCIAL CALCULATOR
Gennaro purchased a stock for $24 which paid $2.00 at the end of each year in dividends (dividends remained level over time). He sold it four years later for $28 at the time of the last dividend payment. What was his IRR? (10 pts) Use the following hints to solve for the problem above: Initial cash outflow(CF0) -24
Cash inflow Year 1-3 (CF1, CF2, CF3) 2
Cash inflow Year 4 (CF4) 30
Compute IRR
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