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    Total Stock Return with No Dividends Paid

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    Books Brothers stock was priced at $15 per share two years ago. The stock sold for $13 last year and now it sells for $18. What was the total return for owning Books Brothers stock during the most recent year? Assume that no dividends were paid and round to the nearest percent.

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    Solution Summary

    The solution gives detailed steps on calculating the return of stock if previous and current stock prices are given. All the formula and calcuations are shown and explained.