Lorraine purchases stocks for ($ 5,000). The stocks paid dividends by reinvesting the dividends in stock. She
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Lorraine purchases stocks for \(\$ 5,000\). The stocks paid dividends by reinvesting the dividends in stock. She sold the stock for \(\$ 13,750\) after 6 years. What was Lorraine's annual return on that investment? Round to two decimal places if necessary.
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