Earlier this year, you purchased Happy Cow Milk stock at a p…
Earlier this year, you purchased Happy Cow Milk stock at a price of $50 because you expected to earn a return of 14%. At the time, the stock has a reported beta of 1.8. If you received a dividend of $4 during the year and the stock is now selling for $58, what return have you earned over the past year? (6)
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