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Trey purchases 200 shares of Turner stock for $50 per share. Trey pays $4,000 in cash to complete the purchase. One year later, Trey sells
Trey purchases 200 shares of Turner stock for
$50
per share. Trey pays
$4,000
in cash to complete the purchase. One year later, Trey sells the stock for
$60
per share.
Calculate the return that Trey earned on his investment of
$4,000.
Trey's return if the stock paid no dividends during the year is
nothing
percent
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