During that period the stock paid dividends of 222 per, Financial Management

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During that period the stock paid dividends of 222 per

Mary purchased 100 shares of Sweet Pea Co. stock at a price of $40.73 six months ago. She sold all stocks today for $46.24. During that period the stock paid dividends of $2.22 per share. What is Mary’s effective annual rate? Round the answers to two decimal places in percentage form.

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Financial Management: During that period the stock paid dividends of 222 per

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