Return rate for stocks

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Return rate for stocks

Mathematics

Return rate for stocks

Description

Sara bought shares in an office supply company for $53 a share in October 2018. The shares paid semi-annual dividends of $16 per share and she sold the shares for $65 each in October 2019. What is the Rate of Return on the Investment for the time Sara owned the shares. Round your final answer to two decim als.

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