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A man purchased a share of stock for P135.00 six years ago and has received a dividend of P6.00 at the end of each year.

A man purchased a share of stock for P135.00 six years ago and has received a dividend of P6.00 at the end of each year. If he sold the share for P120.00 today, at what rate could he consider that he has been paid interest? Assuming that he would have reinvested such interest at 4% compounded annually.

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