Question: On July 1 , 2 0 2 0 , just after a dividend payment, you purchased 2 0 , 0 0 0 shares of Endicott

On July 1,2020, just after a dividend payment, you purchased 20,000 shares of Endicott Johnson stock at a price of $704-44 per share.
The company paid annual dividends of $3.50 on June 30 of each year. On June 30,2023, just after receiving the dividend payment, you
sell the stock for $707,36. What annual return did you eam?
(Express your answer as a percentage to two decimal places, 12.34 percent would be 12.34, for example.)
On July 1,2020, just after a dividend payment, you purchased 20,000

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