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You purchased 150 shares in ABC Ltd at the beginning of the year at a price of $75.15. During the year the company paid a

  1. You purchased 150 shares in ABC Ltd at the beginning of the year at a price of $75.15. During the year the company paid a dividend of $1.12 per share and the share price closed the year at $67.87.
    1. What is your annual return?
    2. Is this return what you expected at the time of purchase? Explain.

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