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  3. you buy some shares of mjk at $500 per share. 9 ye

You buy some shares of MJK at $500 per share. 9 years later, you sell...

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Finance

You buy some shares of MJK at $500 per share. 9 years later, you sell these shares for $645.50 per share. You received total of $100 dividends during this investment period. What is your Effective annual rate (EAR)?

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