What is toms effective annual rate

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Reference no: EM131450208

Tom purchased 100 shares of Dalia Co. stock at a price of $120.89 four months ago. He sold all stocks today for $122.97. During the year the stock paid dividends of $5.42 per share. What is Tom’s effective annual rate?

Round the answers to two decimal places in percentage form. (Write the percentage sign in the "units" box)

Reference no: EM131450208

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