The common stock of Filmore Brands returned a 12.6% rate of return last year. The dividend amount was $1.10 a share which equated to a dividend yield of 2.2%. What was the rate of price appreciation on the stock?
A) 8.73%
B) 9.3%
C) 10.4%
D) 14.8%
E) 15.12%
Correct Answer:
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