One year ago, Richard purchased 50 shares of common stock for $19 per share. During...
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Accounting
One year ago, Richard purchased 50 shares of common stock for $19 per share. During the year, he received one dividend payment in the amount of $0.55 per share. If the stock currently is worth $21 per share, what yield did Richard earn on his investment for the year? Do not round intermediate calculations. Round your answer to two decimal places. Use a minus sign to enter a negative value, if any.
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