One year ago, Regina purchased $1,050 worth of Elite Electricians common stock for $42 per share.During the
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Question:
One year ago, Regina purchased $1,050 worth of Elite Electricians common stock for $42 per share.During the year, Regina received two dividend payments, each equal to $0.05 per share. The current market value of the stock is $44 per share. What yield did Regina earn on her investment during the year?
Please show your work and what formula you used.
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