Calculate your rate of return.

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter2: The Domestic And International Financial Marketplace
Section: Chapter Questions
Problem 2P
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You purchased 500 shares of stock six years ago at $21.25 and incurred brokerage fees of $345.  You received annual dividends of 27 cents per share.  You just sold the stock for $54 and incurred brokerage fees totaling $518, immediately after receiving the sixth annual dividend.  Calculate your rate of return.

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