Solved: Determining the return on the investment, Accounting Basics

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Determining the return on the investment

Problem:

1 year ago I purchased 150 shares of common stock for $30 per share. During the year I noticed that the value of the stock decreased to $22.50 per share. If the stock paid a dividend of $0.80 during the year, what is the return on the investment? Please provide me step by step instructions on how to solve this problem.

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Accounting Basics: Determining the return on the investment

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Accounting Basics: Determining the return on the investment

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