单选题
An investor purchases one share of stock for $85. Exactly one year later, the company pays a dividend of $2.00 per share. This is followed by two more annual dividends of $2.25 and $2.75 insuccessive years. Upon receiving the third dividend, the investor sells the share for $100. The moneyweighted rate of return on this investment is closest to:
【正确答案】
C
【答案解析】
The money-weighted rate of return is the internal rate of return (IRR) of the cash flows associated with the investment. The following figure represents the timeline for the problem:
