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Question 8 (5 points) Last year, Mike bought 100 shares of Dallas Corporation common stock for $53 per share. During the year he received dividends

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Question 8 (5 points) Last year, Mike bought 100 shares of Dallas Corporation common stock for $53 per share. During the year he received dividends of $1.45 per share. The stock is currently selling for $60 per share. What rate of return did Mike earn over the year? 13.2 percent 15.9 percent 14.1 percent 11.7 percent Next Page Page 8 of 16

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