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Find the effective annual rate of return

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Reference no: EM131556372

Question: COMMON STOCK TRANSACTION Steven purchased 1000 shares of a certain stock for $25,250 (including commissions). He sold the shares 2 yr later and received $32,100 after deducting commissions. Find the effective annual rate of return on his investment over the 2-yr period.

Reference no: EM131556372

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