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Suppose that a stock was originally purchased for $40. Over a two year period the stock pays a $2.00 dividend at the end of each

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Suppose that a stock was originally purchased for $40. Over a two year period the stock pays a $2.00 dividend at the end of each year. The first dividend is reinvested at 5%. At the end of the two years the stock is sold for $50. What is the holding period return? 36.21% 29.67% 35.25% 30.56%

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