Question: Jack earned a 16.4 per cent return on a share that he purchased one year ago. The share is now worth $10.70, and he just

Jack earned a 16.4 per cent return on a share that he purchased one year ago. The share is now worth $10.70, and he just received a dividend of $0.62. How much did Jack originally pay for the share? (in dollars to the nearest cent; dont use $ sign)

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