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What is the approximate rate of return

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Nathan buys several shares of ABC Corp. stock for $60 each. At the end of one year, the stock price has risen to $66. Plus he was paid a dividend of $3 per share. What is the approximate rate of return (or yield) on this investment for the year. (You can ignore any commissions or taxes.)

  • 6 percent
  • 9 percent
  • 12 percent
  • 15 percent
  • 18 percent

Reference no: EM132455583

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