Gunther earned a 62.5 percent return on a stock that he purchased one year ago. The stock is now worth $12, and he received a dividend of $1 during the year. How much did Gunther originally pay for the stock?

Return on stock = 62.5%Let original purchase price be xStock is currently worth $ 12Dividend earned $1Return on investment =( Current price – Dividend earned – Purchase price) / purchase price…

 

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