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Suppose the ABC Corporation Had a Stock Price of $56

Question 61

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Suppose the ABC Corporation had a stock price of $56.80 on December 31,2006.On December 30,2007,it has a stock price of $60.15.Over the year,it paid $2.00 in dividends per share.Calculate the total return of a share of ABC Corporation stock in 2007,showing your work.

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