BBA 3301- The common stock of Placo Enterprises had a market price of $8.34

| June 14, 2018

(Calculating rates of return) The common stock of Placo Enterprises had a market price of $8.34 on the day you purchased it just one year ago. During the past year, the stock had paid a dividend of $0.54 and closed at a price of $10.47. What rate of return did you earn on your investment in Placo’s stock? (Round to two decimal places.)

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