Damien plans to buy a share at $120 and hold it for 5 years. During this period, he would receive average annual dividends of $4 a share. He expects to receive $145 at the end of the 5-year period when he sells the share. What are the keystrokes used to calculate the rate of return on the investment?
A. N = 5, PV = –120, PMT = 4, FV = 145
B. N = 5, PV = 120, PMT = 4, FV = –145
C. N = 5, PV = –145, PMT = –4, FV = 120
D. N = 4, PV = –120, PMT = 5, FV = 145
E. N = 4, PV = 145, PMT = 5, FV = –120
Answer: A
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