3. Calculating Total Return. Tammy Jackson purchased 100 shares of All-American Manufacturing Company stock at...
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3. Calculating Total Return. Tammy Jackson purchased 100 shares of All-American Manufacturing Company stock at $42.50 a share. One year later, she sold the stock for $38 a share. She paid her broker a $15 commission when she purchased the stock and a $29 commission when she sold it. During the 12 months that she owned the stock, she received $260 in dividends. Calculate Tammy's total return on this investment
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