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please show the steps with work shown...thanks! 16. Calculate the annual % return on an investment (stock) that you purchased 10 years ago at $100

image text in transcribedplease show the steps with work shown...thanks!

16. Calculate the annual % return on an investment (stock) that you purchased 10 years ago at $100 which is worth $150 today.Assume that the stock paid a dividend of $3 a share each year that you owned it. EAR (1+HPR)^(1)-1; wheren is the number of years

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