Solved: What was the rate of return for owning serox, Finance Basics

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What was the rate of return for owning serox

Problem:

Serox stock was selling for $20 two years ago. The stock sold for $25 one year ago, and it is currently selling for $28. Serox pays a $1.10 dividend per year. What was the rate of return for owning Serox in the most recent year? (Round to the nearest percent.)

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Finance Basics: What was the rate of return for owning serox

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