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(Calculating rates of return) The cornmon stock of Placo Enterprises had a market price of $9. 22 on the day you purchased it just one

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(Calculating rates of return) The cornmon stock of Placo Enterprises had a market price of $9. 22 on the day you purchased it just one year ago. During the past ynar the stock had paid a dividend of $0.84 and closed at a price of $11.87. What rate of retuen did you earn on your investrinent in Placo's stock? The rate of return you earned on your investment in. Placo's stock is ,/. (Round to two decimal places)

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