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You bought a stock three years ago and paid $45 per share. You collected a $1 dividend per share each year you held the stock,
You bought a stock three years ago and paid $45 per share. You collected a $1 dividend per share each year you held the stock, and then you sold the stock for $47 per share. What was your annual compound rate of return?
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Money Talks Explaining How Money Really Works
Authors: Nina Bandelj ,Frederick F. Wherry ,Viviana A. Zelizer
1st Edition
