1) One share of Festival Cruise Line stock initially sells for $25.Each year, the company pays dividends of $0. 75. After holding the stock for three years, the investor sells it for $30.What is the IRR for this investment?

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- February 21st 2009, 09:26 AM #1

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One share of Festival Cruise Line stock initially sells for $25.Each year, the company pays dividends of $0. 75. After holding the stock for three years, the investor sells it for $30.What is the IRR for this investment?

Solve for v. There is NOT a direct solution. You will have to implement an iterative process.