What is the realized rate of return for this investment

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You bought a stock at $107.7 on Jan 1, 20x1 and sold the stock for $81.02 one year after. During the holding period, you received $1.23. What is the realized rate of return (or holding period return) for this investment? Please round your answer to the second decimal, e.g. 0.01 Explain every step.

 

Reference no: EM131986770

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