Mary purchased 100 shares of Sweet Pea Co. stock at a price of $44.94 six months ago.
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Question:
Mary purchased 100 shares of Sweet Pea Co. stock at a price of $44.94 six months ago. She sold all stocks today for $45.25. During that period the stock paid dividends of $2.72 per share. What is Mary's effective annual rate?
Round the answers to two decimal places in percentage form.
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