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(Calculating rates of return) The common stock of Placo Enterprises had a market price of...

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(Calculating rates of return) The common stock of Placo Enterprises had a market price of $9.47 on the day you purchased it just one year ago. During the past year the stock had paid a dividend or $1.29 and closed at a price of $10.95. What rate of return did you earn on your investment in Placo's stock? The rate of return you cared on your investment in Placo's stock in % (Round to two decimal places)

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