Let's solve the problem step by step: ### **Given:** - **Purchase price (P₀):** $48.38 - **Selling price (P₁):** $59.19 - **Dividend received (D):** $1.16 ### **Formula for Realized Return:** \[ \text{Realized Return} = \frac{(P_1 - P_0) + D}{P_0} \times 100\% \] ### **Step 1: Calculate the gain from price appreciation** \[ P_1 - P_0 = \$59.19 - \$48.38 = \$10.81 \] ### **Step 2: Add the dividend received** \[ \text{Total gain} = \$10.81 + \$1.16 = \$11.97 \] ### **Step 3: Calculate the realized return** \[ \text{Realized Return} = \frac{\$11.97}{\$48.38} \times 100\% \] \[ \text{Realized Return} = 0.2474 \times 100\% \] \[ \text{Realized Return} = 24.74\% \] --- ### **Final Answer:** \[ \boxed{24.74\%} \] **(Rounded to two decimal places.)**

The realized return accounts for both capital gains and dividends received over the investment period, reflecting the total percentage earned from holding the stock. It measures the actual profitability of the investment, including income and price appreciation.