FIN 571/ Question - 53294

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vixxen

vixxen

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Price: $5
  • From: Finance,
  • Due on: Mon 31 Mar, 2014 (09:05pm)
  • Asked on: Mon 31 Mar, 2014
  • Due date has passed, but you can still Post Solution.
Description

Serox stock was selling for $20 two years ago. The stock sold for $25 one year ago, and it is currently selling for $28. Serox pays a $1.10 dividend per year. What was the rate of return for owning Serox in the most recent year? (Round to the nearest percent.)

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