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One year ago, Richard purchased 10 shares of common stock for $12 per share. During the year, he received bne dividend payment in the

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One year ago, Richard purchased 10 shares of common stock for $12 per share. During the year, he received bne dividend payment in the amount of $0.35 per share. If the stock currently is worth $13 per share, what yield did Richard earn on his investment for the year? Do not round intermediate calculations. Round your answer to two decimal places. Use a minus sign to enter a negative value, if any. %

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