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You are considering the purchase of a share of Ranch's common stock. You can purchase this stock for $30 and expect to sell it at

You are considering the purchase of a share of Ranch's common stock. You can purchase this stock for $30 and expect to sell it at the end of 1 year for $32.00. You will also receive a dividend of $2.50 at the end of the year. What is your holding period return?

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