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v Trey purchases 200 shares of Turner stock for $40 per share. Tray pays $4,000 in cash to complete the purchase One year later, Trey
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Trey purchases 200 shares of Turner stock for $40 per share. Tray pays $4,000 in cash to complete the purchase One year later, Trey sells the stock for $50 per share Calculate the return that Trey eamed on his investment of $4,000. Trey's return if the stock paid no dividends during the year is 100 percent. (Round to one decimal place) Step by Step Solution
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