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Mary purchased 100 shares of Sweet Pea Co. stock at a price of $41.35 six months ago. She sold all stocks today for $47.19. During that period the stock paid dividends of $2.07 per share. What is Mary’s effective annual rate?

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Mary purchased 100 shares of Sweet Pea Co. stock at a price of $41.35

six months ago. She sold all stocks today for $47.19. During that period the stock paid dividends of $2.07 per share. What is Mary’s effective annual rate?

 
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