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One year ago, Richard purchased 40 shares of common stock for $10 per share. During the year, he received one dividend in the amount of
One year ago, Richard purchased 40 shares of common stock for $10 per share. During the year, he received one dividend in the amount of $0.50 per share. If the stock currently is worth $9 per share, what yield did Richard earn on his investment for the year?
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