TranscribedText: Tom purchased 100 shares of Dalia Co. stock at a price of $122.52 four months ago. He sold all stocks today for $126.82. During the year the stock paid dividends of $5.99 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) Your Answer: Answer units

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Tom purchased 100 shares of Dalia Co. stock at a price of $122.52 four months ago. He sold all stocks today for $126.82. During the year the stock paid dividends of $5.99 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) Your Answer: Answer units Tom purchased 100 shares of Dalia Co. stock at a price of $122.52 four months ago. He sold all stocks today for $126.82. During the year the stock paid dividends of $5.99 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) Your Answer: Answer units

Answer rating: 100% (QA)

Calculating Toms effective annual rate Heres how we can find it Total Investment We know Tom purchas... View the full answer