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29 January, 00:05

Suppose the price of one share of a particular stock rose from $9.00 to $9.15 over the course of a year, and the stock paid a dividend of $0.60 per share during the same year. What was the total return on the share of stock

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  1. 29 January, 03:02
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    8.3%

    Explanation:

    total return on the share stock = (Increase in share price + dividend paid) / share price at beginning of the year

    Total return on the share of stock = ((9.15-9) +.6) / 9

    Total return on the share of stock=8.3%
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