Effective annual rate, Tom purchased 100 shares of Dalia

Effective annual rate

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Tom purchased 100 shares of Dalia Co. stock at a price of $120.32 four months ago. He sold all stocks today for $125.08. During the year the stock paid dividends of $6.48 per share. What is Tom’s effective annual rate?

Round the answers to two decimal places in percentage form

Reference no: EM131014210

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