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You purchase 1,000 shares of Spears Grinder, Inc. stock for $45 per share. A year later, the stock pays a dividend of $1.25 per share, and it sells for $49.

a. find out your total dollar return.

b. find out your total percentage return

c. Do the answers to parts (a) and (b) depend on whether you sell the stock after one year or continue to hold it?

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