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The common stock of Placo Enterprises had a market price of $10.67 on the day you purchased it just one year ago. During the past

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The common stock of Placo Enterprises had a market price of $10.67 on the day you purchased it just one year ago. During the past year the stock had paid a dividend of $0.79 and closed at a price of $12.02. What rate of return did you earn on your investment in Placo's stock? The rate of return you earned on your investment in Placo's stock is

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