Question: P12-1 Calculating Returns [LO1] Suppose a stock had an initial price of $54 per share, paid a dividend of $1.25 per share during the year,

P12-1 Calculating Returns [LO1]

Suppose a stock had an initial price of $54 per share, paid a dividend of $1.25 per share during the year, and had an ending share price of $62. Compute the percentage total return.

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