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Suppose you purchased 1,600 shares of Pan Am Airlines at the beginning of the year for $17.23. By the end of the year, the stock
Suppose you purchased 1,600 shares of Pan Am Airlines at the beginning of the year for $17.23. By the end of the year, the stock price had appreciated to $18.63. At the end of the year, Pan Am paid a dividend of $0.55 per share. Calculate your total return percentage on this investment over the year. Express your answer in percentage terms, rounded to two decimal places (i.e. X.YY%)
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