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Today you buy one share of Apple costing $ 1 2 8 . The stock pays a $ 5 dividend one year from now. One

Today you buy one share of Apple costing $128. The stock pays a $5 dividend one year from now. One year from now Apple stock price is $160 and you buy another share. Two years from now you collect a $8 per share dividend and sell the stocks for $185 a share. What is the dollar-weighted return (DWR)?
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