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Last year Mike bought 100 shares of Dallas Corporation common stock for $45 per share. During...

Last year Mike bought 100 shares of Dallas Corporation common stock for $45 per share. During the year he received dividends of $1.85 per share. The stock is currently selling for $49.50 per share. What rate of return did Mike earn over the year

a. 11.7

b. 13.2

c. 14.1

d.15.9

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