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Leonardo purchased 100 common shares of GBC Limited at a price of $13 / share....

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Finance

Leonardo purchased 100 common shares of GBC Limited at a price of $13 / share. Three months later, GBC Limited paid a dividend of $0.10 / share. Leonardo then sold all 100 of his GBC Limited common shares at a price of $14.00 / share. What is the rate of return that Leonardo earned on the sale of his shares?

6.43%

6.92%

7.86%

8.46%

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