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Earlier today, Stuart sold 200 shares of stock he owned. He purchased the stock three years ago for $28 per share. Following is a table
Earlier today, Stuart sold 200 shares of stock he owned. He purchased the stock three years ago for $28 per share. Following is a table that shows the market value of the stock at the end of each year and the amount of the dividend Stuart received during the year: Year Market Value (per share) Dividend (per share) 1 $26 $0.60 2 28 0.60 3 33 0.60 (a) What total return (yield) did Stuart earn during the three-year period he held the stock? Year 1: Year 2: Year 3: (b) What return did Stuart earn for each year he held the stock?(LO 5-1)
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