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What rate of return did mike earn over the year

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Reference no: EM131140502

Last year Mike bought 100 shares of Dallas Corporation common stock for $53 per share. During the year, he received dividends of $1.45 per share. The stock is currently selling for $60 per share. What rate of return did Mike earn over the year?

A. 11.7%

B. 13.2%

C. 14.1%

D. 15.9%

Reference no: EM131140502

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