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Exactly one year ago, Jamie bought a stock that provided him with an annual dividend of $4.50. He received his first dividend on the day
Exactly one year ago, Jamie bought a stock that provided him with an annual dividend of $4.50. He received his first dividend on the day he bought the stock, and the most recent dividend just this morning. A year ago, he paid $65.00. Today it is worth $72.50. If Jamie decides to sell it today, what will have been the return on his investment? (Assume the dividend has not changed across time.)
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