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Sally purchased a share of Walsh Corp. stock on the first day of the year and paid $64.00 per share. During the year, Walsh's stock
Sally purchased a share of Walsh Corp. stock on the first day of the year and paid $64.00 per share. During the year, Walsh's stock declined to $56.00 per share before rallying and ending the year at $72.00 per share. Walsh paid Sally a cash dividend of $2.40 during the year as well. Assuming Sally still owned the stock on the last day of the year, what was Sally's total return on her investment in Walsh's stock? MAKE SURE YOU USE AT LEAST 4 DECIMAL PLACES (WHERE APPROPRIATE) AND SHOW ALL WORK TO RECEIVE CREDIT.
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