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If a stock is initially priced at $60, and pays an annual $2 dividend. An investor uses cash to pay $35 a share and borrows

If a stock is initially priced at $60, and pays an annual $2 dividend. An investor uses cash to pay $35 a share and borrows the remaining funds at a 12 percent annual interest. What is the return if the investor sells the stock for $59 at the end of one year?

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