Last year in 2012 you invested your life savings into a, Financial Management

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Last year in 2012 you invested your life savings into a

Last year in 2012, you invested your life savings into a retirement portfolio. You invested your money in Nicklaus Ceramics and Bobby Jones Airlines. (assume no dividends paid)

STOCK 2012 Price / Share 2012 # of shares 2013 Price / Share

Nicklaus Ceramics $21.19 4,567.00 $25.47

Bobby Jones Airlines $52.00 2,421.00 $55.34

What percentage return did the portfolio earn over the past year? Answer Format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))

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