Homework:Chapter 7 Homework_SP 2022

Question 2, P7-3 (similar to)

HW Score: 60.08%, 14.42 of 24 points

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Part 1

(Calculating rates of return)The common stock of Placo Enterprises had a market price of

$8.57

on the day you purchased it just one year ago. During the past year the stock had paid a dividend of

$0.96

and closed at a price of

$9.95.

What rate of return did you earn on your investment in Placo's stock?

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Part 1

The rate of return you earned on your investment in Placo's stock is

enter your response here%.

(Round to two decimal places.)