Josh Purchased 100 Shares of XOM for $76

question 67

Multiple Choice

Josh purchased 100 shares of XOM for $76.63 per share at the beginning of 2007. He received dividends per share of $1.37 (2007) , $1.55 (2008) , $1.66 (2009) , $1.74 (2010) , $1.85 (2011) . At the end of 2011, 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) 4.076%

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Definitions:

Etruscan Tombs

Burial sites from the ancient Etruscan civilization, notable for their elaborate designs, wall paintings, and the wealth of artifacts that provide insight into Etruscan life and culture.

Macedonian Tombs

Ancient burial structures from the Macedonian kingdom, showcasing sophisticated architecture and rich decorations reflective of the period's funerary practices.

Cist Graves

Ancient burial sites consisting of small stone-built coffins (cists) laid flat and covered with earth or mounds of stones.

Liquid Dedications

Offerings in the form of liquids such as oils, wine, or water, typically made to deities or ancestors in various religious or spiritual practices.