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An investor purchases 461 shares at $39.75 a share, holds the stock for 305 days, and then sells the stock for $47.04 a share Assume

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An investor purchases 461 shares at $39.75 a share, holds the stock for 305 days, and then sells the stock for $47.04 a share Assume a 360-day year. The annual rate of interest is %. (Round to three decimal places.)

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