During the year the stock paid dividends

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Tom purchased 100 shares of Dalia Co. stock at a price of $127.43 four months ago. He sold all stocks today for $126.85. During the year the stock paid dividends of $5.36 per share. What is Tom’s effective annual rate? Round the answers to two decimal places in percentage form. (Write the percentage sign in the "units" box)

Reference no: EM131599784

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