What is marys effective annual rate

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Finance: HPR, Annualized holding period return, Effective annual rate on investment

Question

Mary purchased 100 shares of Sweet Pea Co. stock at a price of $40.31 six months ago. She sold all stocks today for $45.36. During that period the stock paid dividends of $1.25 per share. What is Mary's effective annual rate?

Reference no: EM131393866

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