Multiple Choice
A common stock was held for 2 years during which time total dividends of $20 were paid. The stock was sold for $100. What was the purchase price of the stock if the total rate of return for the period was 32%?
A) $61.60
B) $64.80
C) $88.00
D) $90.91
Correct Answer:
Verified
Correct Answer:
Verified
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