During that period the stock paid dividends of 280 per, Financial Management

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During that period the stock paid dividends of 280 per

Mary purchased 100 shares of Sweet Pea Co. stock at a price of $49.71 six months ago. She sold all stocks today for $46.46. During that period the stock paid dividends of $2.80 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 280 per

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