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Submitted by aoel.meg on Wed, 2017-01-11 11:16
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FINANCE - NEED DONE WITHIN 1 HOUR

(Calculating rates of return) The common stock of Placo Enterprises had a market price of $8.34 on the day you purchased it just one year ago. During the past year, the stock had paid a dividend of $0.54 and closed at a price of $11.47. What rate of return did you earn on your investment in Placo's stock? (Round to two decimal places.)

Answer
Submitted by Prof Double R on Wed, 2017-01-11 11:30
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Find as attached.

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The xxxxxxx for xxx xxxx xx return

xxxx xx return=

xxxxxxx gain=Final xxxxxxxxxxxxx price

xxxxxxxxxxx

x $ xxxx

Dividend paid= $ xxxx

Rate of return=

x xxx

=44.00% xxx x dp)

)


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Answer
Submitted by pavan1001 on Wed, 2017-01-11 11:24
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100% CORRECT

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SOLUTION :

xx

xx

Return earned x (D x xxxxx xxxxxxxxxxxxxx xxxxxxx

= (0.54 x xxxxxx - 8.34)) / 8.34

x xxxxxx

xx

x 44.00% xxxxxxxxx

xx


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