What was the purchase price of the stock if the total rate


A common stock was held for 2 years during which time total dividends of $20 were paid. The stock was sold for $100. What was the purchase price of the stock if the total rate of return for the period was 32%?

$64.80

$61.60

$88.00

$90.91

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Financial Management: What was the purchase price of the stock if the total rate
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