JT purchases 1,000 shares of stock at $23.50 per share in January 2006. He sells the 1,000 shares in January 2110 for $35.50 per share. What is his internal rate of return?

CONCEPTS IN FED.TAX.,2020-W/ACCESS
20th Edition
ISBN:9780357110362
Author:Murphy
Publisher:Murphy
Chapter11: Property Dispositions
Section: Chapter Questions
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JT purchases 1,000 shares of stock at $23.50 per share in January 2006. He sells the 1,000 shares in
January 2110 for $35.50 per share. What is his internal rate of return?

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