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MDL corporation had the following stock prices at the end of each year: 2 0 1 7 : $ 1 0 0 , 2 0

MDL corporation had the following stock prices at the end of each year:

2017

: $

100, 2018

: $

150, 2019

: $

154 .

The company paid $

2

dividend in

2019 .

Estimate the mean return for MDL

.

The correct answer is

23 %,

please tell me why.

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