Problemlee purchased a stock one year ago for 24 the stock, Ask an Expert

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Problem:

Lee purchased a stock one year ago for $24. The stock is now worth $32, and the total return to Lee for owning the stock was 0.35.

Required:

Question: What is the dollar amount of dividends that he received for owning the stock during the year?

Note: Explain all steps comprehensively.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91149570

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