Question: Common stock is held for two years, during which time it receives an annual dividend of $8.08. The stock was sold for $100 and generated

Common stock is held for two years, during which time it receives an annual dividend of $8.08. The stock was sold for $100 and generated an average annual return of 16 percent. What price was paid for the stock?

		$61.60
		$64.80
		$88.00
		$90.91

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