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HW #4 QUESTION 2 PLEASE HELP, WILL GIVE THUMBS UP AND REFER TO SOMEONE (Calculating rates of return) The common stock of Placo Enterprises had

HW #4 QUESTION 2image text in transcribedPLEASE HELP, WILL GIVE THUMBS UP AND REFER TO SOMEONE

(Calculating rates of return) The common stock of Placo Enterprises had a market price of $11.64 on the day you purchased it just one year ago. During the past year the stock had paid a dividend of $0.58 and closed at a price of $12.86. What rate of return did you earn on your investment in Placo's stock? The rate of return you earned on your investment in Placo's stock is \%. (Round to two decimal places.)

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