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The price of a stock is $84 at the beginning of the year and $99...

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Finance

The price of a stock is $84 at the beginning of the year and $99 at the end of the year. If the stock paid a $3.25 dividend and inflation was 4.50%, what is the real holding period return for the year? (Use the exact formula.) Enter your answer rounded to two decimal places. Do not enter % in the answer box. For example, if your answer is 0.12345 or 12.345% then enter as 12.35 in the answer box.

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