Two years ago I bought a share of stock A for $15.19. A year later...
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Two years ago I bought a share of stock A for $15.19. A year later the price was $19.71 and I received a dividend payment of $0.60 at the same time. Today, two years later the price of the stock was $9.12 and I receive an additional dividend payment of $0.59 today.
Please calculate the arithmetic average annual rate of return earned over two years.
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