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Lowe’s started the year with a stock price of $93.87, ended the year with a stock price of $119.60, and paid a single dividend during the year of $2.23. What was Lowes's total rate of return for the year? Round to the nearest tenth of a percent (if you found 32.11% for exp, then round down to 32.1. If you found 32.78, then round up to 32.8)

User Csa
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1 Answer

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Answer:

29.8%

Step-by-step explanation:


(119.60 + 2.23) / 93.87 = 1.2978 - 7 = 29.8

User ThomYorkkke
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