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Rate of return: Dallas Corporation common stock

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Last year Steve bought 100 shares of Dallas Corporation common stock for $53 per share. During the year he received dividends of $1.45 per share. The stock is currently selling for $50 per share. What rate of return did Steve earn over the year?

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The solution examines the rate of return for Dallas Corporation's common stock.

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Rate of return is the gain or loss on an investment over a specified period, ...

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