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Tommy wishes to determine the return on two stocks she owned in 2019. At...

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Finance

Tommy wishes to determine the return on two stocks she owned in 2019.

At the beginning of the year, stock X traded for $93per share. During the year, X paid dividends of $4

At the end of the year, Xstock was worth $51

Calculate the annual rate of return, r, for X

(Enter the answer in % format without % sign -> 20.51 and not 20.51% or 0.2051)

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