#1. John Smith purchased 100 shares of XYZ stock at $40 a share. One year later, he sold the stock for $50 a share. He paid a broker a $32 commission when they purchased the stock and a $40 commission when they sold the stock. During the 12-month period he owned the stock, XYZ paid dividends that totaled $1. Calculate the Smith?s total return for this investment.

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