JT purchases 1,000 shares of stock at $29 per share in January 2006. He sells the 1,000 shares in January 2012 for $32 per share. What is his internal rate of return?
A) 6.15%
B) 5.61%
C) 5.19%
D) 1.65%

Question

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The Answer of JT purchases 1,000 shares of stock at $29 per share in January 2006. He sells the 1,000 shares in January 2012 for $32 per share. What is his internal rate of return?
A) 6.15%
B) 5.61%
C) 5.19%
D) 1.65%

JT Purchases 1,000 Shares of Stock at $29 Per Share