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Joe Smith purchased a share of a common stock for $58.00. During his investment period, he received $2.40 income as a form of dividends. At

Joe Smith purchased a share of a common stock for $58.00. During his investment period, he received $2.40 income as a form of dividends. At the end of his investment horizon, he sold his share of a common stock for $64.00. What is the pre-tax holding period return for his investment?

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