Calculating the effective annual rate in given problem

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Question: Mary purchased 100 shares of Sweet Pea Co. stock at a price of $49.71 six months ago. She sold all stocks today for $46.46. During that period the stock paid dividends of $2.80 per share. What is Mary's effective annual rate?

Round the answers to two decimal places in percentage form. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131994927

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