(Answered) Nathan buys several shares of abc corp stock for 60 each at

Finance

Nathan buys several shares of ABC Corp. stock for $60 each. At the end of one year, the stock price has risen to $66. Plus he was paid a dividend of $3 per share. What is the approximate rate of return (or yield) on this investment for the year. (You can ignore any commissions or taxes.)

6 percent
9 percent
12 percent
15 percent
18 percent

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