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Q3. Suppose you bought 400 shares of stock at an initial price of $60 per share. The stock paid dividend of $0.50 per share during

Q3. Suppose you bought 400 shares of stock at an initial price of $60 per share. The stock paid dividend of $0.50 per share during the year, and the share price at the end of the year was $59. What was the total dollar return on this investment?

a. $200

b. $600

c. -$200

d. -$600

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