An individual plans to buy a stock valued at 135 each and, Financial Management

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An individual plans to buy a stock valued at 135 each and

An individual plans to buy a stock valued at $135 each and keep it for 5 years at which point the things he can sell it for $155. The stock pays an annual dividend of $3.5. What is equivalent annual interest rate being generated by this investment? (i.e., interest rate that makes the present worth of this investment = 0)

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Financial Management: An individual plans to buy a stock valued at 135 each and

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Financial Management: An individual plans to buy a stock valued at 135 each and

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