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(Calculating rates of return)The common stock of Placo Enterprises had a market price of $10.16 on the day you purchased it just one year ago.

(Calculating rates of return)The common stock of Placo Enterprises had a market price of $10.16 on the day you purchased it just one year ago. During the past year the stock had paid a dividend of $0.95 and closed at a price of $13.01. What rate of return did you earn on your investment in Placo's stock?

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