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For each stock transaction your stockbroker charges a commission of $75+1% of the value of the transaction. You buy, through your stockbroker, 500 shares of

For each stock transaction your stockbroker charges a commission of $75+1% of the value of the transaction. You buy, through your stockbroker, 500 shares of X at $44.30 a share. Six months later you sell, again through your stockbroker, all 500 shares of X at $45.25 a share. Find the annual interest rate earned by your investment. Assume 360 days in a year.

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