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Suppose you purchased Peterson electric's stock for $18.49 7 year(s) ago. You have collected a $0.86 dividend each year (including one today) that you held
Suppose you purchased Peterson electric's stock for $18.49 7 year(s) ago. You have collected a $0.86 dividend each year (including one today) that you held the stock. Find your holding period return if you just sold the stock for $21 (ex-dividend).
The answer given was 46.13, but I'm not sure how to get there.
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