[Step-by-Step] (Calculating rates of return) The common stock of Maco Enterprises had a market price of $12 on the day you purchased it just one year ago. During
Question: (Calculating rates of return) The common stock of Maco Enterprises had a market price of $12 on the day you purchased it just one year ago. During the past year the stock had paid a $1 dividend and closed at a price of $14. What rate of return did you earn on your investment in Maco’s stock?
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