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Charlie buys 1 0 shares of Applegate stock for $ 2 2 per share. Applegate pays 8 % dividend each year, typically on a semi
Charlie buys shares of Applegate stock for $ per share. Applegate pays dividend each year, typically on a semiannual basis. Charlie holds the stock for years, and the stock increases in to $ per share in the second year, $ dollars in the third year, $ in the fourth year and $ in the fifth year. What is Charlie ROI on Applegate stock? Assume Charlie takes none of the capital gains or dividends out of the investment for the five year period. Assume no time value of money.
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