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At the beginning of 2020 , an investor purchased 100 shares of stock in a growth company for $45.50 per share. The company pays a

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At the beginning of 2020 , an investor purchased 100 shares of stock in a growth company for $45.50 per share. The company pays a quarterly dividend of $0.30 per share. At the end of 2022 , the investor sold the shares for $65.00 per share. What is the investor's annual rate of retum on this investment

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