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Question
A stock purchased for $52 paid a dividend of $1 six days after it was purchased. The stock was sold for $51 ninety days after it was purchased. What is the annualized rate of return? Assume the dividend was not reinvested.
a. 3.9%
b. 0.0%
c. u22127.7%
d. 15.7%
e. u221215.7%
Answer
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