# solution

Jack earned a 14.0 per cent return on a share that he purchased one year ago. The share is now worth \$13.54, and he just received a dividend of \$0.61. How much did Jack originally pay for the share? (in dollars to the nearest cent; donâ€™t use \$ sign)?

2. Jack purchased a share one year ago for \$7.96, and it is now worth \$15.04. The share paid a dividend of \$1.60 during the year. What was the share’s income rate of return during the year? (as a percentage to the nearest two decimal points. donâ€™t use % sign. eg 2.881% is 2.88)?

3. Jill purchased a share one year ago for \$7.61, and it is now worth \$14.86. The share paid a dividend of \$1.20 during the year. What was the share’s rate of return from capital appreciation during the year? (as a percentage to the nearest two decimal points. donâ€™t use % sign. eg 2.881% is 2.88)?

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