At the beginning of the year, a stock's share price was $60. In March, it had a
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At the beginning of the year, a stock's share price was $60. In March, it had a 3:5 reverse split and in June it paid $5 dividends. It closed the year with the share price of $45. What was the return for the stock for the year?
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Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078111044
16th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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