Question: A stock was purchased at $ 2 0 9 , it paid $ 4 in annual dividends, and was sold exactly three years later for

A stock was purchased at $

209,

it paid $

4

in annual dividends, and was sold exactly three years later for a net price of $

248 .

Compute the average annual return of the stock expressed as a percent. Round your answer to two decimals using no symbols or formatting. For example, a value of

12.78 %

should be entered as

12.78 .

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