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An investor purchases a share for 6.48 at the beginning of the year. Six months later, the investor receives a dividend of 0.07 (net of
An investor purchases a share for 6.48 at the beginning of the year. Six months later, the investor receives a dividend of 0.07 (net of tax) and immediately sells the share for 6.85. Capital gains tax of 30% is paid on the difference between the sale and the purchase price. Calculate the net annual effective rate of return the investor obtains on the investment. % Enter a percentage correct to 2 decimal places
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