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100 shares of Dallas Corporation common stock for 57 per shareDuring the received dividends of 1.05...

100 shares of Dallas Corporation common stock for 57 per shareDuring the received dividends of 1.05 shareThe stock is currently selling for $64 per shareof return did Mike earn over the year?
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Answer #1

Ans:- Rate of return = [ Ending Value + Income recieved - Beginning Value ] / Beginning Value.

= [ $64 + $1.05 - $57 ] / $57 =0.1412 = 14.12%.

Therefore the per share return of Mike is 14.12%. (approx).

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