Perry purchased 100 shares of ferro, inc. common stock for $25 per share one year ago. during the year, ferro, inc. paid cash dividends of $2 per share. the stock is currently selling $30 per share. if perry sells all of his shares of ferro, inc. today, what rate of return would he realize?

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step-by-step explanation:

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here is the

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the answer is:

the correct option:

b.

to solve the problem, we need to remember how to operate to simplify exponential expressions using the logarithms.

we are given the equation:

then, using placing logarith with base 7 on both sides of the equation, we have:

so, rounding the obtained result to two decimal places (nearest hundreth), we have:

hence, we have that the correct option:

b.

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