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An investor bought a stock for $15 (at t=0) and one year later it paid a $0 dividend (at t=1). Just after the dividend was
An investor bought a stock for $15 (at t=0) and one year later it paid a $0 dividend (at t=1). Just after the dividend was paid, the stock price was $19 (at t=1). Inflation over the past year (from t=0 to t=1) was 10% pa, given as an effective annual rate. Which of the following statements is NOT correct? The stock investment produced a:
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