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Wallace Davis purchased 200 shares of Ford stock at $9.50 a share. One year later, he sold the stock for $8.42 a share. He paid
Wallace Davis purchased 200 shares of Ford stock at $9.50 a share. One year later, he sold the stock for $8.42 a share. He paid his broker a $22 commission when he purchased the stock and a $24 commission when he sold it. During the 12 months he owned the stock, he received $40 in dividends. Calculate Wallaces total return on this investment.
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