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An investor buys Stock G for $75. Stock G pays a dividend of $2.00 per year. At the end of the first year they own

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An investor buys Stock G for $75. Stock G pays a dividend of $2.00 per year. At the end of the first year they own it, the stock falls to $65. Stock G subsequently rises to $85 and the investor decides to sell Stock G for $85 at the end of the second year since owning it. What was the annualized rate of return on this investment using a time- weighted calculation? 9.35% 11.34% 15.60% 6.46% 4.71%

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