In july of 2012 taylor purchased 1700 shares of xyz common


In July of 2012, Taylor purchased 1,700 shares of XYZ common stock for $75,000. He then sold 1,000 shares of XYZ in July of 2013 for $37 per share. The remaining 700 shares were finally sold for $75.71 per share in July 2014.

a. What was Taylor's internal rate of return on this investment?

b. What was the ERR on this investment if the external reinvestment rate is 9% per year?

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Business Economics: In july of 2012 taylor purchased 1700 shares of xyz common
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