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One Year Ago,Stacey Purchased 200 Shares of IXC Stock at a Price

Question 58

Multiple Choice

One year ago,Stacey purchased 200 shares of IXC stock at a price of $42.68 per share.The stock pays an annual dividend of $1.06 per share.Today,she sold all of her shares for $37.43 per share.What is her total dollar return on this investment?


A) −$703
B) −$838
C) $1,022
D) $1,262
E) −$1,050

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