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What is john effective annual rate

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John purchased 100 shares of SoftDrink Co. stock at a price of $70.43 three months ago. He sold all stocks today for $72.49. During that period the stock paid dividends of $4.92 per share. What is John's effective annual rate? Round the answers to two decimal places in percentage form. (Write the percentage sign in the "units" box)

Reference no: EM132576703

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