The rate of return you earned on your investment in​ Placo's stock is?

 The common stock of Placo Enterprises had a market price of ​$10.92 on the day you purchased it just one year ago. During the past year the stock had paid a dividend of ​$1.31 and closed at a price of ​$12.86. What rate of return did you earn on your investment in​ Placo's stock?

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  • 2 months ago

    profit = $1.31 + $12.86 - $10.92 = $3.25

    $3.25/$10.92 = 0.2976

    0.2976 x 100 = 29.76%

  • 2 months ago

    Do your own homework.

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