Damien plans to buy a share at $120 and hold it for five years.During this period,he would receive average annual dividends of $4 a share.He expects to receive $145 at the end of the five-year period when he sells the share.What are the keystrokes used to calculate the rate of return on the investment?
A) N = 5,PV = -120,PMT = 4,FV = 145
B) N = 5,PV = 120,PMT = 4,FV = -145
C) N = 5,PV = -145,PMT = -4,FV = 120
D) N = 4,PV = -120,PMT = 5,FV = 145
E) N = 4,PV = 145,PMT = 5,FV = -120
Correct Answer:
Verified
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