John purchased 100 shares of SoftDrink Co. stock at a price of $70.43 three months ago. He
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Question:
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)
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