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Last Year, Mike Bought 100 Shares of Dallas Corporation Common

Question 100

Multiple Choice

Last year, Mike bought 100 shares of Dallas Corporation common stock for $53 per share. During the year he received dividends of $1.45 per share. The stock is currently selling for $60 per share. What rate of return did Mike earn over the year?


A) 11.7 percent
B) 13.2 percent
C) 14.1 percent
D) 15.9 percent

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