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A stock is bought for $22.50 and sold for $26.00 one year later, immediately after it has paid a dividend of $1.50. What is the

A stock is bought for $22.50 and sold for $26.00 one year later, immediately after it has paid a dividend of $1.50. What is the capital gain rate for this transaction?

a. 7.78%

b. 3.11%

c. 15.56%

d. 12.45%

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