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7. At the beginning of the year, you purchased a share of stock for $35. Over the year the dividends paid on the stock were
7. At the beginning of the year, you purchased a share of stock for $35. Over the year the dividends paid on the stock were $2.75 per share.
a. Calculate the return if the price of the stock at the end of the year is $30.
b. Calculate the return if the price of the stock at the end of the year is $40.
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