Question: HW #4 QUESTION 2 PLEASE HELP, WILL GIVE THUMBS UP AND REFER TO SOMEONE (Calculating rates of return) The common stock of Placo Enterprises had

HW #4 QUESTION 2 HW #4 QUESTION 2PLEASE HELP, WILL GIVE THUMBS UP AND REFER TO PLEASE HELP, WILL GIVE THUMBS UP AND REFER TO SOMEONE

(Calculating rates of return) The common stock of Placo Enterprises had a market price of $11.64 on the day you purchased it just one year ago. During the past year the stock had paid a dividend of $0.58 and closed at a price of $12.86. What rate of return did you earn on your investment in Placo's stock? The rate of return you earned on your investment in Placo's stock is \%. (Round to two decimal places.)

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