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(CHAPTER 8) Last year, you bought a share of stock for $48. Today, you decided to sell it, since it went in price to 556

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(CHAPTER 8) Last year, you bought a share of stock for $48. Today, you decided to sell it, since it went in price to 556 a share. Also, over the year, the company paid you a $3 dividend. What was your total percentage return over the year? Let's break the solution to this problem into pieces... There are two components of total percentage return when you buy stock shares: the first one is related to the received dividend and it is called The second component is called 9. Calculating each of these two components gives % and %, respectively. Therefore, your total percentage return over the year was answer. Round your answer to TWO decimal places for example, if your return is 10.2396, put 10.23 and not 0.10!)

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