(Calculating rates of return)The common stock of Placo Enterprises had a market price of $9.98 on the day you purchased it just one year ago. During the past year the stock had paid a dividend of $0.67 and closed at a price of $12.13. What rate of return did you earn on your investment in Placo's stock? Question content area bottom

Part 1 The rate of return you earned on your investment in Placo's stock is %.