a)The stock of Trudeau Corporation went from $27 to $40 last year.The firm also paid 1 dollar in dividends during the year.Compute the rate of return.
b)In the following year,the dividend was raised to $1.40.However,a declining market toward the end of the year,caused the stock to fall to $24 per share from $40.Compute the rate of return (gain or loss)to the stockholder in the following year.
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