What is the effective interest rate made in investment

Reference no: EM13179346

In January of 2007 Mary bought 100 stocks of Apple Inc for $55 each. this stock paid an average dividend of $4.50 per stock until the end of each year until mary sold all the stocks in December 2012 for $75.50 each. What is the effective interest rate Mary made in this investment?

Reference no: EM13179346

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