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Find how much did allie pay for each share last year

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Problem 1: Last year, Allie bought some shares in a new company that functions in fusion food. This year, the shares sold for $0.84 per share, and each share paid dividends over the course of the year of $0.02. If the total rate of return on this investment was 7.3%, how much did Allie pay for each share last year?

Reference no: EM132813108

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