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Insurer purchased 100 shares of a stock with a market value of $100 at the beginning of the year. Insurer received dividends of $1.00 per
Insurer purchased 100 shares of a stock with a market value of $100 at the beginning of the year. Insurer received dividends of $1.00 per share. At the end of the year, the stock had a market value of $109. Calculate the rate of return for the stock for the year?
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