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A stock is bought for $50 and sold for $53 1 year later, immediately after it has paid a dividend of $2. What is the

"A stock is bought for $50 and sold for $53 1 year later, immediately after it has paid a dividend of $2. What is the capital gain rate for this transaction? Note: Express your answers in strictly numerical terms. For example, if the answer is 5%, enter 0.05 as an answer."

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