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Question
Scott purchased 200 shares of Frozen Foods stock for $48 a share. Four months later, he received a dividend of $0.22 a share and also sold the shares for $42 each. What was his annualized rate of return on this investment?A. -44.69 percent
B. -40.14 percent
C. -33.00 percent
D. -31.95 percent
E. -28.07 percent
Answer
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