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Please help! 10. One year ago Richard Purchased 40 shares of common stock for $10 per share. During the year, he received one dividend payment
Please help!
10. One year ago Richard Purchased 40 shares of common stock for $10 per share. During the year, he received one dividend payment 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? add equation and all work for clarification please
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