Tom purchased 100 shares of Dalia Co. stock at a price of $122.31 four months...
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Accounting
Tom purchased 100 shares of Dalia Co. stock at a price of $122.31 four months ago. He sold all stocks today for $124.87. During the year the stock paid dividends of $6.27 per share. What is Toms effective annual rate?
Round the answers to two decimal places in percentage form.
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