Calculate the rate of return on a stock purchased

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Reference no: EM13942445

Calculate the rate of return on a stock purchased for $12.00 per share at the beginning of the year, with a dividend of $0.15 per share paid during the year, and the price per share of the stock at the end of the year was $13.50.

Please reflect your answer in the following manner- Examples: 10% would be shown at 10.00; 50.56% would be shown as 50.56.

Reference no: EM13942445

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