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Kathy myers frequently purchases stocks and bonds, but she is uncertain how to determine the rate of return that she is earning. for example, three years ago she paid $20,000 for 940 shares of malti company’s common stock. she received a $752 cash dividend on the stock at the end of each year for three years. at the end of three years, she sold the stock for $23,000. kathy would like to earn a return of at least 13% on all of her investments. she is not sure whether the malti company stock provided a 13% return and would like some with the necessary computations. (ignore income taxes.)
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Kathy myers frequently purchases stocks and bonds, but she is uncertain how to determine the rate of...
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