I average dividend paid on stocks in index is 4 of the

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On December 24, 2007, the S&P 500 index was 1,410 and on December 24, 2008, the index was 860. If the average dividend paid on the stocks in the index is 4% of the value of the index at the beginning of the year, what is the rate of return earned on the S&P index?

Reference no: EM13476713

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