Josh purchased 100 shares of XOM for $76.63 per share at the beginning of 2011.He received dividends per share of $1.37 (2011), $1.55 (2012), $1.66 (2013), $1.74 (2014), $1.85 (2015).At the end of 2015 just after receiving the last dividend, he sold the stock for $84.76.What was his average annual rate of return form both dividends and capital gains? (Hint: compute the IRR, assume that all dividends were received at the end of the year.)
A)9.831%
B)3.774%
C)3.423%
D)4.94%

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The Answer of Josh purchased 100 shares of XOM for $76.63 per share at the beginning of 2011.He received dividends per share of $1.37 (2011), $1.55 (2012), $1.66 (2013), $1.74 (2014), $1.85 (2015).At the end of 2015 just after receiving the last dividend, he sold the stock for $84.76.What was his average annual rate of return form both dividends and capital gains? (Hint: compute the IRR, assume that all dividends were received at the end of the year.)
A)9.831%
B)3.774%
C)3.423%
D)4.94%

Josh Purchased 100 Shares of XOM for $76