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A stock is purchased for $ 1 0 2 at t = 0 and sold for $ 1 3 8 at t = 1 .

A stock is purchased for $102 at t =0 and sold for $138 at t =1. At t =1 the holder of the stock from t =0 to t =1 also gets $4 in dividends. What is the rate of return earned by the holder of this stock over this period?

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