(Answered) The stock of furniture unlimited went from 90 to 99 last

Management Studies

The stock of Furniture Unlimited went from $90 to $99 last year. The firm also paid 80 cents in dividends during the same year. Thereafter, during the next year, the dividend paid was $1.60 per share and the stock closed at $93 per share, down from $99 per share at the beginning of the year. Compute the annual gain or loss for the second year holding period.

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